Lenskart Solutions Reports 70-Fold Net Profit Increase in Q3

Lenskart Solutions has announced significant financial results for the third quarter of the fiscal year 2026. The Gurugram-based eyewear retailer recorded a remarkable net profit of ₹131 crore, a staggering increase of nearly 70 times compared to a profit of ₹1.85 crore during the same period last year. This surge in profitability comes alongside a robust revenue growth of 38.28% year-on-year, bringing total revenue to ₹2,307.73 crore, up from ₹1,668.84 crore in the corresponding quarter of the previous fiscal year.

The impressive financial performance is attributed primarily to increased sales volume and a growing customer base. Revenue growth in India was particularly notable, registering a 40.4% annual rise, while international revenues rose by 32.7%.

Operating performance also improved substantially. Lenskart's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) soared by 90.6% year-on-year, reaching ₹462.4 crore. The EBITDA margin expanded to 20%, compared to 14.5% in the same quarter last year. This growth is explained by the firm's operational leverage and an improving unit economics as the business scales.

In terms of sales performance, Lenskart recorded a 27.8% growth in same-store sales and a 35.8% increase in sales from the same postcode areas, indicating a strong market presence and sales efficiency. Additionally, the company conducted approximately 0.63 crore eye tests during the quarter, marking a 56% year-on-year increase, with more than half of those tests accounting for first-time examinations.

Lenskart's expansion strategy is evident in its opening of 195 new stores in the last quarter alone, including 169 in India and 26 internationally. Notably, this expansion was guided by a data-driven site selection process to optimise market coverage while limiting competition among its outlets.

Another highlight of Lenskart's success is its customer engagement. The company saw a 15% compound annual growth rate in revenue per new store from fiscal year 2024 to the first nine months of fiscal year 2026. Its net promoter score, a crucial metric of customer satisfaction, reached a record high of 80.9 in India, bolstered by AI-enhanced personalisation throughout the customer journey.

As of December 31, 2025, Lenskart's Gold membership programme had attracted 0.81 crore active members, contributing to 37% of Q3 sales. This indicates the effectiveness of the company's retention strategies and membership offerings.

In the stock market, however, shares of Lenskart Solutions closed at ₹473 per unit, reflecting a slight decrease of 0.50% on the National Stock Exchange prior to the earnings announcement. The company's market capitalisation stood at ₹82,059.36 crore on February 11, 2026, as per data from the exchange.

Lenskart's substantial growth in both profits and revenues highlights its vigorous expansion strategy and the underlying demand for eyewear in India as well as internationally.