LENSKART
Lenskart Solutions share price & financials
- Price
- ₹537.2
- Market cap
- ₹1.1L Cr
- Sector
- Consumer Services
- Calls analysed
- 4
Lenskart Solutions Limited Q1 FY27
What went well
- Revenue grew 34% year-on-year, demonstrating strong top-line expansion.
- PAT grew significantly by 182% to ₹228 crores, indicating enhanced profitability.
- India same-store sales growth (SSSG) was robust at 18.3%, reflecting healthy organic demand.
What to watch
- Management noted that short-term headwinds could arise if currency worsens further, potentially impacting product margins.
- NPS (Net Promoter Score) moderated this quarter, though management stated it is bouncing back and they are committed to improving customer experience.
What Lenskart Solutions Limited does
Lenskart designs, manufactures and sells prescription eyeglasses, sunglasses and contact lenses through its own omnichannel network of stores plus app/web, bundling free eye tests as a customer-acquisition and demand-creation tool. It owns much of its value chain, from in-house frame and lens manufacturing to store operations and last-mile delivery, and runs a franchise (FoFo) as well as company-owned (CoCo) store model in India. Beyond India, it operates through owned brands and acquisitions across Japan, Southeast Asia and the Middle East, and is expanding into premium sunglasses and AI-enabled smart eyewear.
Segments
- India
- International
- Total active stores
- 3,327 (FY26-end)
- India stores
- 2,609 stores across 556 cities
- International stores
- 718 stores across Japan, Southeast Asia and the Middle East
- Remote optometry stores
- 623 (up from 168 a year earlier)
- Eye tests conducted
- 23.8 million in FY26
- Employees
- 20,000+ "Lenskartians" spanning 30+ nationalities
Guidance record · Q1 FY27
what the last two calls moved 11 tracked 2 delivered 0 missed 9 open- Manufacturing capacity expansion on track said Q2 FY26 Promised: expand in the next three years, 3x of the current capacity Q1 FY27: Continued investment in manufacturing with ₹132 crores in plant capex, largely for the Hyderabad facility, funded by operating cash flow.
- Net store additions in India delivered said Q2 FY26 Promised: For the full year FY '26, we are targeting more than 450 net store additions in India. Q4 FY26: Exceeded the target by adding 542 net new stores in India for the full year FY26.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 30.5%, net profit up 45.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,081 | 1,006 | 1,022 | 1,168 | 1,229 +14% | 1,381 +37% | 1,470 +44% | 1,524 +30% |
| EBITDA | 162 | 104 | 99 | 201 | 223 +38% | 252 +142% | 285 +188% | 298 +48% |
| Net profit | 107 | 37 | 20 | 104 | 99 −7% | 109 +195% | 164 +720% | 151 +45% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +55.5% YTD
YTD: ₹438.5 on 1 Jan 2026 → ₹681.75. High ₹695.75 (8 Sept 2026), low ₹423.95 (23 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.5%
- 12 Aug
- Q4 FY26
- −1.2%
- 20 May
- Q3 FY26
- −1.6%
- 11 Feb
- Q2 FY26
- −1.1%
- 4 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹5.2k Cr |
| Operating profit | ₹961 Cr |
| Operating margin | 18.3% |
| Interest | ₹129 Cr |
| Depreciation | ₹421 Cr |
| Net profit | ₹476 Cr |
| Net margin | 9.1% |
| Cash from operations | ₹1.0k Cr |
| Free cash flow | ₹381 Cr |
| ROCE | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹154 Cr | ₹347 Cr |
| Reserves | ₹2.4k Cr | ₹3.1k Cr | ₹5.8k Cr | ₹6.0k Cr | ₹6.6k Cr | ₹8.8k Cr |
| Borrowings | ₹30 Cr | ₹34 Cr | ₹620 Cr | ₹287 Cr | ₹1.5k Cr | ₹1.8k Cr |
| Other liabilities | ₹346 Cr | ₹642 Cr | ₹1.3k Cr | ₹1.5k Cr | ₹915 Cr | ₹1.1k Cr |
| Total liabilities | ₹2.8k Cr | ₹3.8k Cr | ₹7.7k Cr | ₹7.8k Cr | ₹9.2k Cr | ₹12.0k Cr |
| Fixed assets | ₹292 Cr | ₹570 Cr | ₹1.1k Cr | ₹1.6k Cr | ₹2.3k Cr | ₹2.9k Cr |
| Capital work in progress | ₹3 Cr | ₹130 Cr | ₹129 Cr | ₹70 Cr | ₹62 Cr | ₹109 Cr |
| Investments | ₹851 Cr | ₹1.1k Cr | ₹3.3k Cr | ₹3.5k Cr | ₹4.2k Cr | ₹4.7k Cr |
| Other assets | ₹1.7k Cr | ₹2.0k Cr | ₹3.1k Cr | ₹2.6k Cr | ₹2.6k Cr | ₹4.4k Cr |
| Total assets | ₹2.8k Cr | ₹3.8k Cr | ₹7.7k Cr | ₹7.8k Cr | ₹9.2k Cr | ₹12.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, the public trimmed −16.57 pp while FIIs added +8.90 pp. The shareholder count grew 6% to 1,35,967.
- Promoters
- 17.5%
- FIIs
- 12.8%
- DIIs
- 23.6%
- Public
- 45.7%
- Others
- 0.4%
Since Dec 2025
- Public −16.57 pp
- FIIs +8.90 pp
- DIIs +7.70 pp
How it drifted, 3 quarters
Over this window the public fell from 62.3% to 45.7% — −16.6 pp.
Ownership split by quarter, oldest first. Dec '25: Promoters 17.6%, FIIs 3.9%, DIIs 15.9%, Public 62.3%, Others 0.4%.Mar '26: Promoters 17.6%, FIIs 4.3%, DIIs 15.5%, Public 62.3%, Others 0.4%.Jun '26: Promoters 17.5%, FIIs 12.8%, DIIs 23.6%, Public 45.7%, Others 0.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mirae Asset Large & Midcap Fund Mutual fund newly disclosed 1.74% held
- Kotak Midcap Fund Mutual fund newly disclosed 1.72% held
- NPS Trust- A/C SBI Pension Fund Scheme - State Govt Pension / PF newly disclosed 1.36% held
- Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life Large Cap Fund Mutual fund newly disclosed 1.22% held
- HSBC Mutual Fund - HSBC Midcap Fund Mutual fund newly disclosed 1.15% held
- Kudrat Foundation newly disclosed 0.00% held
- PB Lok Kalyan Trust newly disclosed 0.00% held
- PB Ananta Sampada Private Trust 2 newly disclosed 0.00% held
The same filing shows 4 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Lenskart Solutions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Svf Ii Lightbulb (Cayman) Limited | 9.86% | −3.27 pp |
| Platinum Jasmine A 2018 Trust | 9.77% | −2.31 pp |
| Peyush Bansal | 8.78% | unchanged |
| Neha Bansal | 7.18% | unchanged |
| Pi Opportunities Fund-Ii VC / PE | 4.47% | unchanged |
| Alpha Wave Ventures,Lp | 3.42% | unchanged |
| Steadview Capital Mauritius Limited FPI fund | 3.31% | unchanged |
| Macritchie Investments Pte Ltd FPI fund | 3.14% | −1.12 pp |
| SBI Equity Hybrid Fund Mutual fund | 2.44% | unchanged |
| Mirae Asset Large & Midcap Fund Mutual fund | 1.74% | newly disclosed |
| Kotak Midcap Fund Mutual fund | 1.72% | newly disclosed |
| Jongsong Investments Pte. Ltd. | 1.68% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in LENSKART
Filings to Aug 2026
1 new, 9 added, 1 trimmed, 0 sold out — net +22.62 L shares (+3.7%).
- Held by funds
- ₹4.1k Cr
- 17 schemes
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹1.5k Cr · 1.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Aggressive Hybrid Fund SBI Mutual Fund | ₹1.5k Cr | held | Nov '25 |
| SBI Focused Fund SBI Mutual Fund | ₹1.2k Cr | held | Oct '25 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹554 Cr | held | May '26 |
| SBI MultiCap Fund SBI Mutual Fund | ₹497 Cr | held | Jul '26 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹111 Cr | new | Aug '26 |
| SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund | ₹67 Cr | +3.82 L | Jun '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹44 Cr | held | Oct '25 |
| SBI Innovative Opportunities Fund SBI Mutual Fund | ₹41 Cr | held | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
9 added, 1 trimmed — net +22.62 L shares (+3.7%)
- Funds are sitting on
- +14%
- vs est. average cost
- Held by funds
- ₹4.1k Cr
- 17 schemes · ≈ 3.1% of the company
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹1.5k Cr · 1.7% of that fund
- Longest holder
- SBI Focused Fund
- 11 mo · since Oct '25
Shares held by these funds +1127%
Oct '25 6.11 cr shares Jul '26
What the price assumes
- Growth the price implies
- 69.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Lenskart Solutions Limited
Guides on how to read this kind of business and the numbers that matter.