Lenskart FY26 PAT surges 148% to ₹5,300 million
Lenskart Solutions reported a 147.7% increase in FY26 adjusted PAT to ₹5,300 million, with consolidated revenue rising 32.3% to ₹90,023 million. Q4 revenue increased 40.6% to ₹25,157 million. The Board approved the merger of subsidiaries Dealskart Online Services and Lenskart Eyetech and allotted 23,04,600 equity shares under ESOP.
*this image is generated using AI for illustrative purposes only.
Lenskart Solutions reported its audited financial results for the financial year ended March 31, 2026. The company delivered a robust operational performance, with consolidated revenue from operations for the year reaching ₹90,023 million, a 32.3% increase from the previous year. For the quarter ended March 31, 2026, revenue stood at ₹25,157 million, up 40.6% year-on-year. The company's adjusted profit after tax (PAT) for FY26 grew 147.7% to ₹5,300 million, while EBITDA increased 55.3% to ₹17,895 million.
Financial Performance at a Glance
The following table summarizes Lenskart Solutions' key financial metrics for the year and quarter ended March 31, 2026, on a year-on-year basis:
| Metric: | FY 2026 (Current) | FY 2025 (YoY) | Q4 2026 (Current) | Q4 2025 (YoY) |
|---|---|---|---|---|
| Revenue from Operations: | ₹90,023 million | ₹68,030 million | ₹25,157 million | ₹17,899 million |
| Adjusted Net Profit: | ₹5,300 million | ₹2,140 million | ₹2,036 million | ₹770 million |
| EBITDA: | ₹17,895 million | ₹11,525 million | ₹5,362 million | ₹3,327 million |
| EBITDA Margin: | 19.9% | 16.9% | 21.3% | 18.6% |
Operational Highlights and Corporate Actions
The Board of Directors approved the audited standalone and consolidated financial results for the period. The company reported significant growth in operational metrics, conducting 23.8 million eye tests in FY26, up 48.5% year-on-year, and selling 35.3 million eyewear units, a 24.7% increase. Net new stores added during the year totaled 603, taking the total active store count to 3,327.
The Board granted in-principle approval for the merger of wholly owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with Lenskart Solutions Limited. This proposed amalgamation aims to streamline the group structure and reduce administrative costs, subject to necessary statutory and regulatory approvals. Additionally, the company allotted 23,04,600 equity shares upon the exercise of vested options under the Lenskart Employees Stock Option Plan, 2021.
Historical Stock Returns for Lenskart Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.55% | +6.72% | -4.45% | +22.15% | +26.27% | +26.27% |
With Lenskart's EBITDA margin expanding to 19.9%, what is the realistic path to achieving 25%+ margins, and which cost levers remain untapped as the company scales to 5,000+ stores?
How will the merger of Dealskart Online Services and Lenskart Eyetech into the parent entity impact Lenskart's IPO readiness and potential valuation multiples in the public markets?
Given the 48.5% surge in eye tests conducted, is Lenskart positioning itself as a broader vision-care healthcare platform, and could this lead to acquisitions in adjacent segments like contact lenses or surgical eye care?
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