Lenskart Reports Strong Revenue Growth In Q4 FY26
Lenskart reported strong financial growth during the fourth quarter of FY26, with consolidated operating revenue rising 45.7% year-on-year, driven by rapid store expansion and continued demand growth across India and international markets.
According to the company’s financial statements, revenue from operations increased to ₹2,516 crore in Q4 FY26 from ₹1,727 crore during the same quarter last year.
India continued to remain the biggest growth engine for the company. Revenue from the domestic business grew 44.1% year-on-year during the quarter, while international operations expanded 35.4%.
The company also significantly expanded its offline retail footprint during FY26 by adding 603 net new stores globally, taking its total active store count to 3,327 outlets worldwide.
For the full financial year ending March 2026, Lenskart’s revenue increased 28% to ₹8,988 crore compared to ₹7,009 crore in FY25.
Rising Expenses Impact Lenskart’s Profitability
Despite strong top line growth, Lenskart’s profitability came under pressure due to rising operational costs and higher tax expenses.
The company’s total expenses increased 36% year-on-year to ₹2,308 crore during Q4 FY26.
Cost of materials remained the largest expense category, accounting for nearly one-third of total expenditure. Material costs increased 36% to ₹764 crore during the quarter.
Employee benefit expenses also rose sharply to ₹548 crore from ₹435 crore in Q4 FY25 as the company continued investing in talent, retail operations and expansion initiatives.
Finance costs and depreciation expenses further contributed to the increase in overall expenditure.
As a result, Lenskart’s quarterly profit declined 7% year-on-year to ₹204 crore in Q4 FY26 from ₹220 crore during the same period last year.
However, on a full year basis, the company posted a strong improvement in profitability, with net profit rising to ₹680 crore in FY26 compared to ₹385 crore in FY25.
Lenskart Expands Global Presence Through Acquisitions
The SoftBank backed eyewear company also accelerated its international expansion strategy during FY26.
Its Singapore subsidiary acquired an 84.21% stake in Spain-based Stellio Ventures S.L as part of its European growth plans.
Lenskart additionally increased its stake in QuantDuo Technologies and invested in Dimension NXG along with South Korea-based iiNeer Co Ltd.
Industry experts believe Lenskart is increasingly positioning itself as a global omnichannel eyewear and vision-tech brand rather than just a domestic retail company.
Lenskart Continues Strengthening Market Position
Lenskart remains one of India’s largest consumer technology and retail brands operating across eyewear, lenses and vision solutions.
The company has continued benefiting from growing consumer demand for affordable eyewear, premium frames and digitally enabled retail experiences.
At the close of Wednesday’s trading session, Lenskart’s share price stood at ₹484, taking its total market capitalisation to approximately ₹84,042 crore (around $8.8 billion).
Analysts believe the company’s aggressive store expansion, international acquisitions and improving annual profitability could strengthen its position further in India’s rapidly growing eyewear and consumer retail market.
