Lenskart Reports Strong Financial Growth in Q4 FY26
In its recent announcement, the eyewear brand Lenskart revealed its financial findings for the fourth quarter of FY26, showcasing a remarkable 45.7% year-on-year surge in consolidated operating revenue for the quarter. Yet, the company experienced a profit decline due to escalating expenses.
During Q4 FY26, Lenskart’s revenue from operations rose to Rs 2,516 crore, up from Rs 1,727 crore in the corresponding quarter of the previous year, as indicated in its financial statements sourced from NSE. India remains the principal growth engine for the company, with revenue from the Indian market increasing by 44.1% year-on-year in Q4 FY26. Additionally, the international sector recorded a growth of 35.4% in the same timeframe.
Lenskart has notably expanded its presence, having added 603 net new stores throughout FY26, which brings its total active store count to 3,327 around the globe.
For the entirety of the fiscal year ending March 2026, the company reported a revenue increase of 28%, climbing to Rs 8,988 crore from Rs 7,009 crore in the prior year.
On the expense side, material costs represented the largest portion of expenditure, making up 33% of total expenses. This expense saw a significant rise of 36%, reaching Rs 764 crore in Q4 FY26. Employee benefit expenses also witnessed an increase of 26%, amounting to Rs 548 crore during the quarter, compared to Rs 435 crore in Q4 FY25. Other notable expenses included finance costs and depreciation, with total expenses growing by 36% to Rs 2,308 crore in Q4 FY26.
Despite the substantial revenue growth, the increase in costs and a higher tax burden negatively impacted Lenskart’s profitability, resulting in a 7% drop in profit to Rs 204 crore in Q4 FY26, down from Rs 220 crore in Q4 FY25. Nonetheless, for the complete fiscal year, the company achieved a profit of Rs 680 crore in FY26, a significant rise from Rs 385 crore in FY25.
Backed by SoftBank, Lenskart expanded its global reach during the year, with its Singapore subsidiary acquiring an 84.21% stake in Spain’s Stellio Ventures S.L. Furthermore, Lenskart raised its stake in QuantDuo Technologies and also made investments in Dimension NXG and South Korea’s iiNeer Co Ltd.
By the close of Wednesday’s trading session, Lenskart’s share price was recorded at Rs 484, resulting in a total market capitalization of Rs 84,042 crore, approximately $8.8 billion.