Lenskart Q1 net profit jumps 182% to Rs 228 crore

Lenskart's net profit surged 182% year-on-year to Rs 228 crore in the June quarter, while revenue rose 34%, inc42.com reports. The company's consolidated product margin exceeded 70% for the first time, and EBITDA grew 61%. India revenue climbed 30.7% with same-store sales growth of 18.3%, and international revenue rose 38%.

The company is pursuing a dual strategy of premiumisation and ultra-low pricing. It offers a Rs 500 eyewear proposition through Hustlr Plus to attract new consumers, while brands such as John Jacobs and Meller target customers trading up to premium lenses above Rs 3,500 and frames above Rs 5,000. Motilal Oswal Wealth Management, cited by Times of India, has a target price of Rs 705 on Lenskart, projecting 25% revenue CAGR over FY26-28E.

International business is gaining traction without aggressive store additions. Japan, Singapore and the Middle East are key markets, and the acquired brand Meller is tracking towards $170 million-plus revenue. The company is investing in geoanalytics to replicate its Indian data-driven store-selection model abroad.