Lenskart Q2 FY27 Financial Results

Eyewear brand Lenskart revealed its Q2 FY27 financial results today, showcasing a 36% year-on-year surge in consolidated operating revenue, driven by expansion in both domestic and international markets. The company’s net profit more than doubled to Rs 232 crore during this quarter. According to financial statements obtained from NSE, Lenskart’s revenue from operations rose to Rs 2,845 crore in Q2 FY27, up from Rs 2,096 crore in the same quarter last year.

Market Contributions to Growth

Both domestic and international sectors contributed equally to the company’s growth. Revenue from the Indian market climbed 35.5% year-on-year to reach Rs 1,668 crore in Q2 FY27, whereas the international market experienced a 36.5% increase, amounting to Rs 1,201 crore. Quarterly comparison shows that Lenskart’s revenue from operations grew by 5% from Rs 2,714 crore in Q1 FY27.

Expenses and Profitability

On the expenses side, the cost of materials comprised the largest portion, accounting for 33% of overall expenditure. This cost surged by 31% year-on-year to Rs 854 crore in Q2 FY27. Employee benefit expenses also rose by 25%, increasing from Rs 503 crore the previous year to Rs 627 crore. Other significant expense categories, such as finance costs and depreciation, contributed to a total expense rise of 22%, resulting in total expenses of Rs 2,597 crore during this quarter.

Net Profit Growth

The impressive 36% revenue growth, outpacing the increase in total expenses, enabled Lenskart to more than double its net profit to Rs 232 crore in Q2 FY27, compared to Rs 103 crore in the same quarter last year. The company’s EBITDA also soared by 50%, reaching Rs 622 crore, with an EBITDA margin of 21.86%.

Market Performance

At the end of today’s trading session, Lenskart shares closed at Rs 689.7, providing a total market capitalization of Rs 1,19,960 crore or $12.6 billion.