Lenskart Solutions (LENSKART) Q2 25/26 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q2 and H1 FY26, driven by volume expansion, operational efficiency, and technology and AI integration across store expansion, supply chain, and customer experience.

• Unaudited consolidated and standalone financial results for the quarter and six months ended 30 September 2025 were reviewed and approved by the Board on 29 November 2025.

• The company completed its IPO post-period, listing on NSE and BSE on 10 November 2025, raising Rs. 72,780.15 million.

• Market creation efforts focus on accessibility, affordability, and innovation, expanding the eyewear category in India and internationally.

• International business is scaling rapidly, leveraging India’s supply chain and technology, with profitability improving faster than in India.

Financial highlights

• Q2 FY26 pro forma revenue: INR 21,466 million, up 24% YoY; EBITDA: INR 4,258 million, up 34.3% YoY (19.8% margin); PAT: INR 1,130 million, up 50% YoY (5.3% margin).

• Consolidated revenue from operations for Q2 FY26 was Rs. 20,961.45 million, up from Rs. 18,944.55 million in Q1 FY26 and Rs. 17,356.87 million in Q2 FY25.

• H1 FY26 revenue: INR 41,788 million, up 25.3% YoY; EBITDA: INR 7,908 million, up 37% YoY (18.9% margin); PAT: INR 1,937 million, up 98.1% YoY (4.6% margin).

• Total comprehensive income for the six months ended 30 September 2025 was Rs. 2,694.14 million, up from Rs. 701.87 million for the same period last year.

• Standalone revenue for the six months ended 30 September 2025 was Rs. 23,965.78 million, with net profit after tax of Rs. 1,044.36 million.

Outlook and guidance

• Targeting over 450 net new store additions in India for FY26, with continued focus on geographic expansion and market densification.

• Encouraging demand trends in Q3 following GST rate normalization and benefit pass-through to consumers.

• Long-term margin target of 25% pre-Ind AS, with growth prioritized over short-term margin maximization.

• International markets expected to follow India’s growth trajectory, with faster profitability due to centralized supply chain and technology.

• The company is assessing the impact of the new Code on Social Security, 2020, effective 21 November 2025.