Eyewear retailer Lenskart Solutions has reported a 19.8% rise in net profit year-on-year (YoY) in Q2 of 2025-26 (FY26) to ₹103.5 crore as compared to ₹86.3 crore in the year-ago period. Sequentially, Lenskart's profit rose 69% from ₹61.2 crore in the Q1 FY26. Recently listed Lenskart, in an exchange filing, stated that its operating revenue surged 20.8% to ₹2,096.1 crore in the said quarter from ₹1,735.7 crore in Q2 FY25. On a QoQ basis, Lenskart's revenue grew 10.6% to ₹1,894.4 crore. Including other income worth ₹33.3 crore, the company's total income came in at ₹2,129.4 crore.

The company said its PAT margin has improved by 860 basis points from -3.3% in FY23 to +5.3% in Q2 FY26. In H1 FY26, the company's India business delivered 24.7% revenue growth with an EBITDA margin of 19.5% versus 16.0% in H1 FY25. "In Q2 FY26, India delivered 22.2% revenue growth with an EBITDA margin of 19.5% versus 18.1% in Q2 FY25. The growth was primarily driven by volume, with the number of eyewear units growing at 23.7% in H1 YoY and 21.7% in Q2," the company said.

Lenskart CEO Peyush Bansal said years of investment in technology, supply chain, optometry, design and the company's omnichannel model are now generating strong operating leverage, with revenue up by 25.3% YoY and EBITDA up by 54.9% in H1 FY26. "Every incremental rupee of revenue contributes more to EBITDA than last year, reflected in PAT, which has almost doubled year-on-year. Our technology-led manufacturing, disciplined store expansion and omnichannel approach are driving predictable Store Payback, strong unit economics and improving profitability."

Lenskart witnessed 25.6% growth in transacting customer accounts in Q2 FY26 and 29.6% in H1. "In both Q2 and H1, our stores delivered ~15% same-store sales growth (SSSG), consistent with FY25 levels. Beyond SSSG, we achieved ~20% same-pincode sales growth, indicating that we are gaining market share within micro-markets rather than cannibalising existing stores."

In H1 FY26, the company's international business delivered 26.1% revenue growth YoY with an EBITDA margin of 18.2% versus 18.0% in H1 FY25. International delivered 26.2% revenue growth YoY in H1 FY26, with an EBITDA margin of 19.5% versus 17.7% in Q2 FY25.  

In its outlook for FY26, Lenskart said it is targeting over 450 net store additions in India in FY26 vs 282 in FY25. "While we do not provide specific guidance but since we are already 2 months into the quarter, we can share that our overall performance metrics through the end of November indicate a stronger growth trajectory across both revenue and EBITDA in Q3 FY26."

Share of Lenskart, meanwhile, closed 0.86% up at ₹411.20 on the BSE. Lenskart, which debuted on the stock exchanges earlier this month, has an m-cap of ₹71,337.86 crore.