Lenskart FY26 PAT Jumps 148% to ₹5,300 Million as Revenue Climbs 32%

Lenskart Solutions Limited reported a strong financial and operational performance for FY26, with adjusted profit after tax (PAT) surging 147.7% year-on-year to ₹5,300 million, supported by rapid revenue growth, margin expansion, and aggressive retail expansion.

The eyewear and omnichannel retail company reported consolidated revenue from operations of ₹90,023 million for FY26, marking a robust 32.3% YoY increase compared to the previous financial year.

For the quarter ended March 31, 2026, revenue rose 40.6% YoY to ₹25,157 million, while quarterly adjusted PAT jumped to ₹2,036 million.

The strong performance reflects growing consumer demand, rapid store expansion, improving operational efficiency, and deeper penetration across India’s eyewear market.

Lenskart FY26 Financial Performance

Lenskart delivered strong growth across revenue, profitability, and operating margins during FY26.

Lenskart FY26 Financial Highlights

Metric	FY26	FY25
Revenue From Operations	₹90,023 Million	₹68,030 Million
Adjusted PAT	₹5,300 Million	₹2,140 Million
EBITDA	₹17,895 Million	₹11,525 Million
EBITDA Margin	19.9%	16.9%

Q4 FY26 Financial Highlights

Metric	Q4 FY26	Q4 FY25
Revenue From Operations	₹25,157 Million	₹17,899 Million
Adjusted PAT	₹2,036 Million	₹770 Million
EBITDA	₹5,362 Million	₹3,327 Million
EBITDA Margin	21.3%	18.6%

The significant jump in profitability indicates improved operating leverage and stronger margin management as the company scaled its retail and digital operations.

Lenskart Expands Store Network Aggressively

Lenskart continued its aggressive expansion strategy during FY26 by adding 603 net new stores, taking its total active store count to 3,327 locations.

The expansion highlights the company’s focus on strengthening:

• Offline Retail Presence
• Omnichannel Distribution
• Eye Care Accessibility
• Premium Eyewear Penetration

The company has continued expanding across:

• Metro Cities
• Tier-2 Markets
• Tier-3 Cities
• International Markets

Operational Performance Remains Strong

Lenskart also reported strong operational growth across eye tests and eyewear sales volumes.

Operational Highlights FY26

Operational Metric	FY26
Eye Tests Conducted	23.8 Million
Growth in Eye Tests	48.5% YoY
Eyewear Units Sold	35.3 Million
Growth in Units Sold	24.7% YoY
Net New Stores Added	603
Total Active Stores	3,327

The sharp increase in eye tests reflects rising consumer awareness around vision care and preventive eye healthcare.

EBITDA Margins Improve Significantly

Lenskart’s EBITDA margin improved from 16.9% in FY25 to 19.9% in FY26, while Q4 margins expanded to 21.3%.

The improvement was driven by:

• Better Operating Efficiency
• Scale Benefits
• Higher Revenue Per Store
• Strong Product Mix
• Improved Supply Chain Integration

Margin expansion remains one of the key indicators investors closely monitor ahead of a potential IPO discussion around the company.

Board Approves Subsidiary Merger

The Board granted in-principle approval for the merger of wholly owned subsidiaries:

• Dealskart Online Services Private Limited
• Lenskart Eyetech Private Limited

with the parent entity, Lenskart Solutions Limited.

The proposed amalgamation aims to:

• Simplify Group Structure
• Improve Operational Efficiency
• Reduce Administrative Costs
• Streamline Financial Reporting

The merger remains subject to regulatory and statutory approvals.

Employee Stock Option Activity

During FY26, the company allotted 23,04,600 equity shares under the Lenskart Employees Stock Option Plan (ESOP) 2021 following the exercise of vested employee stock options.

The ESOP program continues to play an important role in employee retention and leadership incentivization.

India’s Eyewear Market Continues Expanding

India’s organized eyewear and vision-care industry continues witnessing strong growth due to:

• Rising Disposable Income
• Increasing Screen Usage
• Growing Awareness Around Eye Health
• Premium Eyewear Adoption
• Expansion of Omnichannel Retail

Lenskart remains one of the dominant players in the organized eyewear segment through its integrated online and offline business model.

Lenskart’s Omnichannel Strategy Driving Growth

Lenskart has built a strong omnichannel ecosystem integrating:

• Digital Commerce
• Retail Stores
• Eye Testing Infrastructure
• Manufacturing Capabilities
• AI-Based Recommendations
• Home Eye Checkup Services

The company’s hybrid retail model continues helping it scale customer acquisition and improve repeat purchases.

Long-Term Growth Outlook

With rising profitability, expanding EBITDA margins, rapid store additions, and strong operational momentum, Lenskart continues strengthening its position in India’s organized eyewear market.

The company’s aggressive retail expansion, technology-led distribution strategy, and improving financial metrics are expected to remain key growth drivers going forward as India’s consumer healthcare and eyewear market continues to expand rapidly.

What was Lenskart’s revenue in FY26?

Lenskart reported consolidated revenue from operations of ₹90,023 million in FY26, reflecting a 32.3% year-on-year growth.

How much did Lenskart’s profit grow in FY26?

Lenskart’s adjusted profit after tax (PAT) surged 147.7% YoY to ₹5,300 million in FY26.

What was Lenskart’s EBITDA in FY26?

The company reported EBITDA of ₹17,895 million for FY26.

How many stores does Lenskart currently operate?

Lenskart’s total active store count reached 3,327 stores after adding 603 net new stores during FY26.

How many eye tests did Lenskart conduct in FY26?

The company conducted approximately 23.8 million eye tests during FY26.

How many eyewear units did Lenskart sell in FY26?

Lenskart sold 35.3 million eyewear units in FY26.

Which subsidiaries will merge with Lenskart Solutions Limited?

The company approved the proposed merger of:

• Dealskart Online Services Private Limited
• Lenskart Eyetech Private Limited

with Lenskart Solutions Limited.

Why is Lenskart merging its subsidiaries?

The merger aims to simplify the group structure, improve operational efficiency, and reduce administrative costs.

What was Lenskart’s EBITDA margin in FY26?

Lenskart’s EBITDA margin improved to 19.9% in FY26 compared to 16.9% in FY25.