Meanwhile, the revenue from operations also witnessed a significant jump of 20.8% YoY to Rs 2,096.14 crore against Rs 1,735.68 crore, posted in the same quarter of the previous financial year.
It should be noted that the profit after tax is attributable to the shareholders of the holding company.
Sequentially, the company’s PAT witnessed an impressive surge of 67%, up from just Rs 61.17 crore. Further, for the half year ended September 2025, Lenskart reported a net profit of Rs 164.62, up from Rs 75.35 crore as compared to the corresponding period of the previous fiscal year.
The firm’s total income for Q2FY26 stood at Rs 2,129.40 crore, up from Rs 1,805.32 crore, marking an 18% YoY growth.
However, notably, Lenskart’s standalone profit fell by 7% YoY to Rs 99.10 crore in the second quarter of the fiscal year 2026, compared to Rs 106.82 crore reported by the company in the same period last year.Lenskart reported its second-quarter results on Saturday, November 29, and the stock had ended 0.9% higher at Rs 411.20 on the BSE on Friday.
Lenskart share price target
Global brokerage firm Jefferies has recently initiated coverage on the company with a ‘Buy’ rating and a price target of Rs 500, citing significant under-penetration in India’s eyewear market.
Although Lenskart is the largest organised player in the segment, it holds only about a 5% share of India’s nearly Rs 79,000 crore eyewear market. Jefferies highlights that with increasing screen time, lifestyle-driven demand, and a gradual shift from unorganised opticians, the sector appears to be undergoing a structural growth phase.
Jefferies underscores Lenskart’s tightly controlled, vertically integrated model as its key competitive moat. The company’s automated manufacturing facilities in India, Singapore, and Dubai enable it to ensure consistent quality, maintain cost efficiency, and offer next-day delivery across 40 cities.
This end-to-end control over sourcing and production provides Lenskart with a 35–40% material cost advantage compared to traditional retailers.
On the growth front, Jefferies projects a 24% revenue CAGR through FY28, along with a more than 50% CAGR in adjusted EBITDA. In FY25, the number of annual transacting users in India rose by 25% to 9.9 million, with unit sales growing at an even faster rate. According to the brokerage, these figures indicate that Lenskart continues to gain traction despite subdued sentiment surrounding new-age listings.
