Lenskart shares hit record high post Q2, up 9% over IPO price

Shares of newly listed Lenskart Solutions jumped nearly 7% in early trade on Monday as investors reacted positively to its September-quarter earnings report. The Peyush Bansal-led new-age eyewear retailer reported a double-digit rise in its top and bottom lines, driven by broad-based growth across domestic as well as international markets.

Driven by strong Q2 results, Lenskart shares rallied as much as 6.76% to ₹439 on the BSE amid strong volumes, with more than 20 lakh shares changing hands in the first two hours of trade, compared with the two-week average volume of 2.88 lakh shares. The newly listed IPO breached its peak of ₹438.65 touched on November 18, while it slipped to a low of ₹355.70 on its listing day, November 10.

At the time of reporting, shares of Lenskart were trading at ₹437, up 6.27%, with a market capitalisation of ₹75,814 crore. At the current level, Lenskart shares are up over 9% from their initial public offering (IPO) price of ₹402.

In its maiden earnings report post listing, Lenskart reported a 19.8% year-on-year (YoY) rise in net profit at ₹103.5 crore for the second quarter ended September 30, 2025. Sequentially, profit was up 69% from ₹61.2 crore in Q1 FY26.

Operating revenue surged 20.8% to ₹2,096.1 crore in Q2 FY26, from ₹1,735.7 crore in Q2 FY25. On a QoQ basis, Lenskart’s revenue grew 10.6% from ₹1,894.4 crore. Including other income of ₹33.3 crore, the company’s total income stood at ₹2,129.4 crore.

Segment-wise, the India business generated ₹1,230.6 crore in revenue during the quarter, higher than both the previous quarter and the same period last year. International markets also posted robust growth, contributing ₹879.6 crore, up from ₹736.5 crore in Q1 and ₹658.3 crore in Q2 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 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 25.3% YoY and EBITDA up 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.”

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