Now Reading: Lenskart Q1 profit surges 182% to Rs 228 crore
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Lenskart Q1 profit surges 182% to Rs 228 crore
Lenskart Solutions posted a 182.3% jump in net profit to Rs 228.4 crore for the first quarter of FY27, nearly quadrupling from Rs 61.2 crore a year ago. Revenue from operations rose…
The Story in Brief
Lenskart Solutions posted a 182.3% jump in net profit to Rs 228.4 crore for the first quarter of FY27, nearly quadrupling from Rs 61.2 crore a year ago. Revenue from operations rose 33.6% to Rs 2,714 crore, while total income including other income climbed 43% to Rs 2,782.7 crore, per Times of India. EBITDA grew 61.3% to Rs 589 crore, and consolidated product margin crossed 70% for the first time.
The company added 132 net new stores, taking its active count to 3,459, and entered 50 new Indian cities. It conducted about 70 lakh eye tests during the quarter, up nearly 40% year-on-year. India same-store sales grew 18.3%, average selling price increased 6.4% to Rs 1,856, and international revenue rose 38%. Operating cash flow of Rs 297 crore exceeded capital expenditure of Rs 207 crore.
The Indian Opinion
This robust quarter will inevitably invite two lazy takes: that Lenskart has already peaked in India, or that it is pricing out the mass market. The numbers show otherwise. Same-store sales grew 18.3%, and the Rs 500 Hustlr line coexists with premium lenses. International revenue rose 38%, and the founder insists the overseas strategy now needs only scale. The real test is whether Lenskart can maintain 20%+ EBITDA margins while adding 132 stores a quarter. Watch next quarter's same-store growth and cash flow.
Sources (2): retail.economictimes.indiatimes.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
