Lenskart Solutions has confirmed the formal incorporation of its step-down subsidiary, Wenzhou Framekart Trade Co., Ltd, in the People’s Republic of China. The company received the Certificate of Incorporation on August 17, 2026, following the entity’s establishment on August 14, 2026. This development operationalises a strategic initiative approved by the Board of Directors on August 12, 2026, aimed at strengthening supply chain resilience and expanding the company’s global footprint.

Wenzhou Framekart Trade Co., Ltd is incorporated as a subsidiary of Baofeng Framekart Technology Limited (BFT), which is a joint venture of Lenskart Solutions. Upon incorporation, BFT holds 95% of the equity interest in the new entity. As a Chinese limited liability company, ownership is represented through equity interests rather than specific shares. The initial subscription cost was RMB 1 Million (approx. ₹14.14 Million), paid as cash consideration by BFT.

Strategic role and operations

The new entity will undertake the business of trading, importing, exporting, and procuring spectacle frames and allied optical products. Its scope includes related materials, equipment, and technology required for the business of BFT and its subsidiaries from time to time. This move supports Lenskart’s broader strategy of backward integration and localised supply chains, particularly in key manufacturing hubs like China.

Baofeng Framekart currently contributes more than 30% of the total eyewear production requirements of the Lenskart Group. The establishment of Wenzhou Framekart aims to enhance manufacturing control and support localisation strategies by streamlining procurement and trading activities within the region.

Recent financial context

This corporate action follows Lenskart’s strong Q1FY27 results, where consolidated net profit after tax (PAT) surged 182% to ₹228 crore. Consolidated revenue grew 33.6% to ₹2,714 crore, driven by robust performance in both domestic and international segments. The Board had previously approved several strategic initiatives alongside these results, including the acquisition of an additional 19% equity stake in Baofeng Framekart Technology Limited, increasing Lenskart’s indirect shareholding to 70%.

The company also approved the incorporation of OWNDAYS Korea as a wholly owned step-down subsidiary in the Republic of Korea during the same period. These moves underscore Lenskart’s push toward deeper vertical integration and expanded international presence.

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.