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Wed, 19 Aug 2026
06:32:13 pm
Wed, 19 Aug 2026
06:32:13 pm
Rudransh Sangwan
Published at: May 21, 2026, 12:38 AM
Synopsis
Lenskart reported a 147.7% jump in FY26 adjusted PAT to ₹5,300 million as revenue rose 32.3% to ₹90,023 million. The company added 603 net new stores, expanded its active store network to 3,327 locations, and improved EBITDA margins to 19.9% during the financial year.
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 delivered strong growth across revenue, profitability, and operating margins during FY26.
| 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% |
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| 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 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:
The company has continued expanding across:
Lenskart also reported strong operational growth across eye tests and eyewear sales volumes.
| 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.
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:
Margin expansion remains one of the key indicators investors closely monitor ahead of a potential IPO discussion around the company.
The Board granted in-principle approval for the merger of wholly owned subsidiaries:
with the parent entity, Lenskart Solutions Limited.
The proposed amalgamation aims to:
The merger remains subject to regulatory and statutory approvals.
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 organized eyewear and vision-care industry continues witnessing strong growth due to:
Lenskart remains one of the dominant players in the organized eyewear segment through its integrated online and offline business model.
Lenskart has built a strong omnichannel ecosystem integrating:
The company’s hybrid retail model continues helping it scale customer acquisition and improve repeat purchases.
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.
Lenskart reported consolidated revenue from operations of ₹90,023 million in FY26, reflecting a 32.3% year-on-year growth.
Lenskart’s adjusted profit after tax (PAT) surged 147.7% YoY to ₹5,300 million in FY26.
The company reported EBITDA of ₹17,895 million for FY26.
Lenskart’s total active store count reached 3,327 stores after adding 603 net new stores during FY26.
The company conducted approximately 23.8 million eye tests during FY26.
Lenskart sold 35.3 million eyewear units in FY26.
The company approved the proposed merger of:
with Lenskart Solutions Limited.
The merger aims to simplify the group structure, improve operational efficiency, and reduce administrative costs.
Lenskart’s EBITDA margin improved to 19.9% in FY26 compared to 16.9% in FY25.
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