Financial Performance Summary

Q2 FY27 Results:

  • Revenue: ₹2,845 crore, up 32.5% YoY (from ₹2,147 crore in Q2 FY26)
  • Profit After Tax: ₹232 crore, up 105.3% YoY (from ₹113 crore in Q2 FY26)
  • EBITDA (pre-IndAS 116): ₹392 crore, up 65.0% YoY (from ₹237 crore)
  • EBITDA Margin: 13.8%, expanding from 11.1% YoY

H1 FY27 Results:

  • Revenue: ₹5,559 crore, up 33.0% YoY
  • Profit After Tax: ₹461 crore, representing 87% of full-year FY26 earnings
  • Operating Cash Flow: ₹388 crore
  • Capital Expenditure: ₹187 crore (covered by operating cash flow)
  • Return on Capital Employed: 22.5%, improving from 14.6% in FY26

Segment Performance

India Business:

  • Revenue: ₹1,668 crore, up 35.3% YoY
  • Eyewear Volume Growth: 26.5% YoY
  • Same-Store Sales Growth: 20.8% (vs. 14.8% a year ago)
  • Net New Stores Added: 143 stores (94 in Tier 2+ markets)
  • New Cities Entered: 61 cities
  • Total India Network: 2,868 stores across 665 cities
  • Lenskart Gold Active Members: 1.03 crore, up 38.6% YoY

International Business:

  • Revenue: ₹1,201 crore, up 29.5% YoY
  • Constant-Currency Growth: ~23%
  • Eyewear Volume Growth: 29.7% YoY
  • EBITDA (pre-IndAS 116): ₹127 crore, up 86.8% YoY
  • EBITDA Margin: 10.6%, expanding from 7.3% YoY
  • Net New Stores Added: 22 stores (12 in Southeast Asia, 3 in Middle East, 2 in Japan, 5 in other markets)
  • Total Global Network: 3,624 stores

Operational Metrics

  • Global Eye Tests Conducted: 80 lakh, up 40.4% YoY
  • Consolidated Product Margin: 70.0% (vs. 69.2% a year ago)
  • In-house Frame Manufacturing Growth: 71.7% YoY
  • In-house Lens Manufacturing Growth: 52.2% YoY
  • Remote Optometry Availability: 934 stores (vs. 303 a year ago)
  • B Smart Glasses Availability: Expanded to 500+ stores and online

Manufacturing and Technology Initiatives

Lenskart maintains an integrated business model spanning brands, manufacturing, and distribution. The Bhiwadi facility uses robotic production processes and AI-enabled quality checks for prescription eyewear manufacturing. The company is investing in its upcoming Hyderabad facility to support future capacity requirements and international growth.

Technology deployment includes AI across customer service, employee training, inventory planning, and manufacturing. The company unveiled its first Lenskart evolv concept store in Worli, Mumbai, integrating design, technology, fashion, and culture.

Capital Allocation and ESG Recognition

Operating cash flow of ₹388 crore in H1 FY27 comfortably covered capital expenditure of ₹187 crore on stores, refurbishments, and remote optometry. The improvement in ROCE to 22.5% reflects earnings growth and disciplined capital allocation. The company continues to invest in manufacturing, technology, retail expansion, and brand building.

Lenskart was recognized as an ESG Leader by NSE Sustainability Ratings & Analytics in its FY2026 assessment, placing it among the top 10% of companies under its ESG rating framework.

Management Commentary

Peyush Bansal, Chairman, Managing Director and CEO, emphasized the company's mission to provide vision correction globally through engineering solutions like remote optometry. He highlighted the company's integrated approach from factory to face and the evolution represented by the new Lenskart evolv concept store, stating "It is still Day Zero" for the company's growth journey.

Note on Financial Reporting

All numbers presented are based on Proforma Financials (except ROCE, Net working capital days and CashFlow), providing like-for-like comparison. Proforma adjusts for recent M&A, specifically the consolidation of master-franchisee Dealskart, GeoIQ and international acquisition of Meller. From Q3 FY26 onward, Proforma and Reported financials are identical.