Lenskart Financial Results Q2 FY26

Eyewear brand Lenskart has recently shared its financial outcomes for Q2 FY26, following its debut on Indian stock exchanges earlier this month. The company experienced a 21% rise in revenue during this quarter, while profits also grew by 20%, approaching the Rs 150 crore mark.

The operational revenue escalated to Rs 2,096 crore in Q2 FY26, up from Rs 1,736 crore in the same quarter of the previous year, as outlined in the financial statement from NSE. Additional income contributed another Rs 33 crore, bringing the total income for the quarter to Rs 2,129 crore.

For the six-month period ending September 2025, the firm saw revenue climb by 23%, reaching Rs 3,991 crore in H1 FY26, compared to Rs 3,256 crore in H1 FY25.

Expense Breakdown

On the expense side, material costs represented the largest financial drain, comprising 33% of total expenditures. This cost surged by 19%, rising to Rs 650 crore in Q2 FY26 from Rs 546 crore in Q2 FY25. Additionally, employee benefit expenses soared by 55%, amounting to Rs 502.5 crore in Q2 FY26 compared to Rs 325 crore in Q2 FY25. Finance and depreciation costs also contributed to the overall expenses, which grew by 18.5% to Rs 1,980 crore in Q2 FY26.

Profit Growth

Lenskart’s profits increased by 20%, reaching Rs 103 crore in Q2 FY26 compared to Rs 86 crore in Q2 FY25. For the first half of the fiscal year, the profit saw remarkable growth of 120%, escalating to Rs 165 crore in H1 FY26 from Rs 75 crore in H1 FY25.

Stock Market Performance

Lenskart’s stock market debut was somewhat modest, listed at Rs 395 per share on the NSE, which was approximately 1.7% below the issue price of Rs 402. The Gurugram-based enterprise raised Rs 2,150 crore through a new issue and Rs 5,028 crore via an offer for sale (OFS), valuing the company at approximately Rs 70,000 crore (around $8 billion).

According to exchange data, Lenskart’s IPO was oversubscribed 28.26 times, with the retail portion at 7.53 times, QIBs (excluding anchors) at 40.35 times, Non-Institutional Investors (NIIs) at 18.2 times, and the employee portion subscribed 4.96 times. In the last trading session, its shares were priced at Rs 411.80, leading to a total market valuation of Rs 71,441 crore (approximately $7.9 billion).