Lenskart Solutions (LENSKART) Q3 25/26 earnings summary

Executive summary

• Achieved 37% year-on-year revenue growth to INR 2,308 crores, marking the strongest quarter as a public company.

• EBITDA grew 90% year-on-year to INR 462 crores, with margin expansion of 550 bps, surpassing 20% for the first time.

• PAT more than tripled year-on-year to INR 133 crores; nine-month PAT more than doubled to INR 326 crores.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, were approved, reflecting the impact of recent acquisitions for like-for-like comparison.

• The company completed its IPO in November 2025, raising Rs. 72,780.15 million, with shares listed on NSE and BSE.

Financial highlights

• Consolidated revenue from operations for Q3 FY26 was Rs. 23,077.31 million, up from Rs. 16,688.35 million in Q3 FY25; nine-month revenue reached Rs. 62,983.31 million, up from Rs. 49,249.48 million year-over-year.

• Consolidated net profit after tax for Q3 FY26 was Rs. 1,327.11 million, compared to Rs. 18.52 million in Q3 FY25; nine-month net profit was Rs. 2,973.35 million, up from Rs. 772.06 million year-over-year.

• India revenue increased 40% year-on-year in Q3; international revenue grew 32.7% year-on-year in current currency and 24% in constant currency.

• Same store sales growth (SSSG) in India reached 28% in Q3; international EBITDA margin rose to 18.8% in Q3 from 10.9% a year ago.

• Cash flow from operations for the first nine months was INR 485 crores, funding store and plant expansion.

Outlook and guidance

• Growth is prioritized over margin maximization, with a focus on expanding market share in a rapidly growing eyewear market.

• Long-term margin expansion expected as in-house manufacturing increases and supply chain integration deepens.

• IPO proceeds are being deployed as per the offer document, with Rs. 500 million utilized and the remainder temporarily invested in fixed deposits.

• Smart glasses launch planned for Q4, with continuous software updates and ecosystem development.

• International business expected to follow India’s growth playbook, with further margin improvement anticipated.