Lenskart Solutions reported a consolidated net profit after tax (PAT) of ₹228 crore for the quarter ended June 30, 2026, marking a 182% surge year-on-year from ₹81 crore in Q1FY26. Consolidated revenue from operations grew 33.6% to ₹2,714 crore, driven by strong performance in both domestic and international segments. The robust top-line growth was accompanied by significant margin expansion, with consolidated EBITDA rising 61.3% to ₹589 crore and consolidated EBITDA margin improving to 21.7% from 17.7% in Q1FY26. Consolidated product margin crossed 70% for the first time at 70.3%. Return on Capital Employed (ROCE) improved to 23.2% in Q1FY27, up from 14.6% in FY26.

The Board of Directors approved these unaudited financial results on August 12, 2026. The company highlighted that operating cash flow reached ₹297 crore, comfortably covering store capex of ₹75 crore and plant capex of ₹132 crore, primarily for its Hyderabad manufacturing facility. This resulted in a positive net cash flow pre-M&A and equity of ₹116 crore. The net cash balance excluding IPO-related payables stood at ₹4,104 crore as of the quarter-end.

Financial Performance

The table below summarises the key financial metrics for the quarter, reflecting broad-based improvement across revenue, profitability, and margins.

Operational Highlights

The company conducted 0.7 crore eye tests in Q1FY27, a 39.8% increase year-on-year, with approximately half being first-time eye exams in India. Eyewear units sold rose 25.7% to 1.1 crore. Lenskart added 132 net new stores during the quarter, bringing the total active store count to 3,459. In India, same-store sales growth (SSSG) stood at 18.3%, while same-pin-code sales growth (SPSG) reached 24.3%, indicating that densification is generating incremental demand rather than cannibalizing existing stores.

Segment Analysis

India revenue grew 30.7% YoY to ₹1,531 crore, with EBITDA margin expanding to 21.4% from 19.4%. International revenue surged 38.0% to ₹1,203 crore, with EBITDA margin reaching 21.9% from 16.9%. The international segment's EBITDA (pre-IndAS 116) margin crossed 10% for the first time, reaching 10.6%, driven by scale and higher product margins of 77.1%.

What the Numbers Show

The divergence between standalone and consolidated profitability highlights the growing contribution of international operations and subsidiaries. Consolidated product margin hit 70.3%, sustained despite INR depreciation against RMB, due to increased in-house manufacturing. In-house frame manufacturing grew 54.8% YoY to 28 lakh units. The expansion of premium brands like Owndays and Meller, along with mass-market initiatives like the ₹500 Hustlr Club pair, demonstrates successful execution across both ends of the spectrum. ROCE improvement to 23.2% signals efficient capital deployment as idle cash from IPO proceeds begins generating operating returns.

Lenskart Solutions has announced that it will host its Q1 earnings call on August 12 at 5:30 PM. The scheduled call will provide investors, analysts, and stakeholders with an opportunity to review the company's financial performance for the quarter.

Earnings Call Details

The following are the key details of the scheduled earnings call:

The earnings call is expected to cover the company's quarterly financial results, offering a formal platform for management to present performance metrics and address queries from the investment community. Stakeholders are advised to note the scheduled date and time to participate in or follow the proceedings.