Lenskart reported strong third-quarter earnings for FY26, combining steady revenue growth with a sharp rise in profitability.
Revenue from operations rose 38.3% year-on-year to ₹2,308 crore in Q3 FY26, up from ₹1,669 crore in the same quarter last year. On a sequential basis, revenue increased 10.1% from ₹2,096 crore in Q2 FY26.
For the nine months ended December 2025, revenue reached ₹6,298 crore, reflecting 28% growth compared with ₹4,925 crore a year earlier.
India contributed 60% of the total revenue at ₹1,385 crore, while international markets accounted for 40% at ₹936 crore. Other income of ₹40 crore lifted total quarterly income to ₹2,348 crore.
Profit Surges 71x in a Year
Net profit jumped 71.6 times to ₹132.7 crore in Q3 FY26, compared with ₹1.85 crore in Q3 FY25.
On a quarter-on-quarter basis, profit rose about 29% from ₹103 crore in Q2 FY26. Profit attributable to owners of the parent company stood at ₹131 crore, up 28.2% sequentially.
The results mark one of the company’s strongest quarterly profit performances to date.
Cost Structure and Margin Dynamics
Material costs accounted for 33% of total expenses and rose 31% year-on-year to ₹717 crore.
Employee benefit expenses increased 62.5% to ₹528 crore, reflecting continued expansion and operational scaling. Total expenses rose 28% to ₹2,163 crore during the quarter.
Despite rising costs, revenue growth and operating leverage supported margin expansion and stronger net earnings.
Strategic Acquisitions Drive Expansion
Through its wholly owned arm Lenskart Singapore Pte. Ltd., the company acquired an 84.21% stake in Stellio Ventures S.L. for ₹410.27 crore. The deal includes deferred consideration of ₹52.36 crore payable to the founders within three years and 45 days from August 11, 2025.
Lenskart also increased its stake in QuantDuo Technologies Pvt. Ltd. to 96.57% after acquiring an additional 79.19% for ₹11.40 crore.
It invested ₹21.50 crore for a 5.05% stake in Dimension NXG Pvt. Ltd., classifying it as an associate.
In another move, Lenskart Singapore acquired a 21.60% stake in iiNeer Co. Ltd. for ₹12.67 crore, with an agreement to purchase an additional 7.60% stake. That investment is also classified as an associate.
Growth Backed by Capital Deployment
The Q3 FY26 results reflect a dual-track strategy. The company continues to expand geographically and through acquisitions while strengthening profitability at scale.
Under the leadership of Peyush Bansal, Lenskart’s performance signals improved operating discipline alongside international growth ambitions.
Lenskart Q3 FY26 results position the eyewear retailer as a profitable growth player in India’s consumer retail sector, with expanding global exposure and active capital deployment.
