Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20%

Eyewear brand Lenskart announced its financial results for Q2 FY26 after debuting on Indian stock exchanges earlier this month. The firm’s revenue increased by 21% during the second quarter while its profit also rose by 20% and neared the Rs 150 crore threshold in the same period.

The company’s revenue from operations increased to Rs 2,096 crore in Q2 FY26 from Rs 1,736 crore in the same quarter last year, according to its financial statement sourced from NSE.

Other income contributed an additional Rs 33 crore, which drove its total income of Rs 2,129 crore for the quarter. However, for the six months period ending September 2025, the firm’s revenue increased 23% to Rs 3991 crore in H1 FY26 from Rs 3,256 crore in H1 FY25.

On the expense side, cost of material was the largest burn which accounted for 33% of the total expense. This cost increased by 19% to Rs 650 crore in Q2 FY26 from Rs 546 crore in Q2 FY25. Employee benefit expense rose 55% to Rs 502.5 crore in Q2 FY26 from Rs 325 crore in Q2 FY25. Finance cost, depreciation cost were other overheads which added to the total expense which increased by 18.5% to Rs 1,980 crore in Q2 FY26.

Lenskart’s profit increased by 20% to Rs 103 crore in Q2 FY26 as compared to Rs 86 crore in Q2 FY25. On a half-yearly basis, its profit increased by 120% to Rs 165 crore in H1 FY26 as compared to Rs 75 crore in H1 FY25.

Lenskart made a tepid debut on the Indian stock exchanges, listing at Rs 395 per share on the NSE, about 1.7% lower than the issue price of Rs 402.

The Gurugram-based company raised Rs 2,150 crore through a fresh issue and Rs 5,028 crore via an offer for sale (OFS), valuing the company at around Rs 70,000 crore ($8 billion). 

According to exchange data, Lenskart’s IPO was oversubscribed 28.26 times with the retail portion at 7.53X , QIBs (ex-anchors) at 40.35X, Non Institutional Investors (NIIs) at 18.2X and employee portion subscribed 4.96 times. During the last trading session, its share traded at Rs 411.80, giving the firm a total market capitalization of Rs 71,441 crore ($7.9 billion).