Lenskart Q1 Results: Profit zooms 182% YoY to Rs 228 crore; revenue up 34%

Eyecare services provider Lenskart Solutions on Wednesday reported a 182.3% year-on-year (YoY) increase in profit after tax (PAT) to Rs 228 crore in the first quarter of FY27 (Q1 FY27). The same stood at Rs 61 crore in the same quarter of last fiscal year.

Revenue from operations rose 33.6% YoY to Rs 2,714 crore during the quarter under review from Rs 1894 crore in the Q1FY26. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 589 crore, reflecting a growth 61.3% YoY.

Meanwhile, Lesnart Solutions shares settled with loss of 0.35% at Rs 587 apiece on the BSE on Wednesday.


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Key performance highlights

The company said growth remained broad-based, with revenue from India operations rising 30.7% YoY, while international revenue grew 38%.

Consolidated product margin crossed 70% for the first time, reaching 70.3% in Q1 FY27, compared with 68.7% a year earlier. India’s product margin increased to 64.2% from 63.4%, while international product margin rose to 77.1% from 75.9% in the year-ago period.

EBITDA margin on a pre-IndAS 116 basis increased to 13.3% in Q1 FY27 from 9.1% in Q1 FY26. Overall EBITDA margin expanded to 21.7% from 18.0%, with India at 21.4% and international operations at 21.9%.

PAT margin expanded by 443 basis points year-on-year to 8.4% from 4.0%. The company reported PAT of Rs 228 crore in Q1 FY27, compared with Rs 81 crore in Q1 FY26. For the full year FY26, PAT was around Rs 530 crore.

Lenskart Solutions said its operating cash flow stood at Rs 297 crore, exceeding capital expenditure of around Rs 207 crore. The capex included Rs 75 crore for stores and Rs 132 crore for the Hyderabad-led step-up in plant capacity. Net cash flow before mergers and acquisitions (M&A) and equity stood at Rs 116 crore.

Return on capital employed (ROCE) improved to 23.2% in Q1 FY27 from 14.6% in FY26, driven by EBIT growth and capital allocation.

Other updates

The company also announced that its board had considered the acquisition of an additional equity stake in Baofeng Framekart Technology Limited, a joint venture between Lenskart Solutions and Geng Yongchao. The acquisition will be undertaken through Lenskart Solutions Pte. Ltd., Singapore, a wholly owned subsidiary of the company, according to the exchange filing.

The board also considered the incorporation of a step-down subsidiary in South Korea as a wholly owned subsidiary of OWNDAYS Singapore, a step-down subsidiary of Lenskart Solutions, under the name “OWNDAYS Korea”.

In addition, the company said that its board has considered the incorporation of a new step-down subsidiary, Wenzhou Framekart Trade Co., Ltd., in the People’s Republic of China.

Lesnkart's board considered the allotment of 5,85,561 equity shares with a face value of Rs 2 each, as fully paid-up shares, to eligible employees upon the exercise of vested options granted under the Lenskart Employees Stock Option Plan, 202.

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