Shares of Lenskart experienced a rise of over 6 percent on Thursday, buoyed by robust revenue growth, ambitious store expansion plans, and optimistic management forecasts, despite the eyewear company’s reporting of a decline in fourth-quarter profit. At the time of writing, the stock traded 2 percent higher at ₹497.75 on the NSE, following an intraday high of ₹517, compared to the previous close of ₹486.85.
For the quarter ending March 31, 2026, Lenskart reported a consolidated profit after tax of ₹203.6 crore, a year-on-year decline of 7.5 percent from ₹220.1 crore during the same period last year. This decrease was largely attributed to increased expenses related to components and inventories.
Conversely, revenue from operations surged 45.62 percent year-on-year, reaching approximately ₹2,516 crore in Q4 FY26, up from ₹1,728 crore a year earlier. This growth reflected strong demand and a pivot towards premium products, alongside rapid store openings.
The average selling price in India increased by 15.9 percent year-on-year, reaching ₹1,865 in the March quarter, primarily driven by a shift towards premium offerings, including progressive and Owndays lenses.
During FY26, Lenskart accelerated its store expansion, adding a net total of 542 new stores in India—almost double the number from FY25—with a concentrated effort on Tier-2 and smaller markets. The company reported a same pincode sales growth of 31.1 percent, exceeding the 24.2 percent growth in same store sales for Q4 FY26, indicating heightened demand resulting from store densification.
Additionally, Lenskart emphasized its increased focus on artificial intelligence throughout its operations, which includes remote optometry, robotics-led manufacturing, and AI-driven product innovation. The company recently launched AI-enabled smart glasses under the “B by Lenskart” brand, which have garnered over 30,000 customers on the waitlist.
Lenskart also disclosed plans to invest approximately ₹53 crore to boost its stake in overseas subsidiaries Owndays and Lenskart Singapore. The company intends to acquire an additional 1 percent stake in the Japanese subsidiary Owndays for about ₹50 crore, raising its indirect ownership to approximately 97.67 percent.
Global brokerage Jefferies reaffirmed a buy rating on Lenskart’s stock, increasing its target price to ₹600, citing strong growth and margin improvement in the latest quarter. The brokerage noted that the integration of AI across Lenskart’s value chain and control over manufacturing significantly enhance the company’s competitive position.
Morgan Stanley similarly maintained an overweight rating with a target price of ₹576, indicating that the Q4 results surpassed estimates and reflected another solid quarter for the company. The brokerage highlighted Lenskart’s commitment to sustaining growth, while reiterating its long-term EBITDA margin target of approximately 25 percent.
Published on May 21, 2026.
