Lenskart Q1 FY27 Results: Revenue Jumps 43%, Profit Nearly Doubles as International Business Accelerates
Lenskart Solutions Limited delivered a strong start to FY27, with consolidated revenue and profit showing significant year-on-year growth in the quarter ended June 30, 2026. Alongside the financial results, the company announced a series of strategic moves across manufacturing, international expansion and supply-chain integration.
The Board of Directors approved the unaudited standalone and consolidated financial results for Q1 FY27 at its meeting held on August 12, 2026. The results were reviewed by the statutory auditors on a limited-review basis.
Lenskart Q1 FY27: Key Highlights
| Particulars | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Consolidated Revenue from Operations | ₹2,714.18 crore | ₹1,894.46 crore | 43.3% |
| Consolidated Profit Before Tax | ₹299.61 crore | ₹99.72 crore | ~200.6% |
| Consolidated Profit After Tax | ₹118.43 crore | ₹61.17 crore | 93.6% |
| PAT attributable to owners | ₹111.84 crore | ₹60.08 crore | 86.1% |
| Basic EPS | ₹1.28 | ₹0.36 | 255.6% |
The consolidated figures show a substantial improvement over the year-ago quarter. Revenue from operations increased from ₹1,894.46 crore to ₹2,714.18 crore, while profit after tax attributable to the group stood at ₹118.43 crore compared with ₹61.17 crore in Q1 FY26.
Revenue growth remains the biggest positive
Lenskart’s consolidated revenue from operations reached ₹2,714.18 crore, compared with ₹2,515.71 crore in the March 2026 quarter and ₹1,894.46 crore in the June 2025 quarter.
That represents approximately 7.9% sequential growth and 43.3% year-on-year growth.
Total income, including other income of ₹68.48 crore, stood at ₹2,782.66 crore for the quarter.
Profitability improves sharply
Lenskart’s consolidated profit before tax before exceptional items and after considering the share of associates and joint ventures stood at ₹299.61 crore in Q1 FY27.
This compares with ₹254.20 crore in Q4 FY26 and ₹99.72 crore in Q1 FY26.
Profit after tax rose to ₹118.43 crore, against ₹61.17 crore in the corresponding quarter last year.
Importantly, there were no exceptional items during Q1 FY27, compared with an exceptional loss of ₹10.39 crore in Q1 FY26.
The company reported basic and diluted EPS of ₹1.28 per share for the quarter. EPS is not annualised in the quarterly financial statements.
International business becomes a major growth engine
One of the most important takeaways from the results is the performance of Lenskart’s international business.
Segment Revenue
| Segment | Q1 FY27 Revenue | Q1 FY26 Revenue | YoY Growth |
|---|---|---|---|
| India | ₹1,530.82 crore | ₹1,169.18 crore | 30.9% |
| International | ₹1,203.29 crore | ₹736.45 crore | 63.5% |
| Total | ₹2,714.18 crore | ₹1,894.46 crore | 43.3% |
India remains the largest segment, but international revenue grew considerably faster.
International revenue increased from ₹736.45 crore in Q1 FY26 to ₹1,203.29 crore in Q1 FY27. India revenue also grew strongly from ₹1,169.18 crore to ₹1,530.82 crore.
The international business also recorded a significant turnaround at the profit level. Segment profit before tax increased to ₹103.67 crore, compared with a loss of ₹11.40 crore in Q1 FY26.
India segment profit before tax increased to ₹183.28 crore from ₹119.55 crore.
This combination of strong international revenue growth and improving international profitability is an important development for Lenskart’s global expansion strategy.
Proforma numbers show strong underlying growth
Lenskart has also provided management-certified proforma financial information to enable a more like-for-like comparison after acquisitions completed during the previous 12 months.
On a proforma basis, revenue from operations for Q1 FY27 was ₹2,714.18 crore, compared with ₹2,032.25 crore for Q1 FY26.
That translates into approximately 33.5% year-on-year growth on the pro forma basis.
Proforma profit after tax stood at ₹228.43 crore, compared with ₹80.89 crore in the corresponding period. However, these proforma numbers are management-prepared and were not subject to audit or review.
The company said the proforma information was prepared to illustrate the impact of the acquisitions of Stellio Ventures S.L. (Meller) and Quantduo Technologies Private Limited (QTPL) as if those acquisitions had taken place from April 1, 2025.
Therefore, investors should distinguish between the reported consolidated results and the management-certified pro forma numbers.
Lenskart increases control over Framekart in China
Along with its financial performance, Lenskart announced a strategic acquisition involving Baofeng Framekart Technology Limited, its joint venture in China.
Lenskart Solutions Pte. Ltd., Singapore, will acquire an additional 19% equity interest in Framekart from Geng Yongchao.
Following the transaction, Lenskart’s direct and indirect shareholding will increase from 51% to 70%. The acquisition cost is approximately RMB 7.5 million, equivalent to around ₹10.6 crore, and is proposed to be completed by September 30, 2026, subject to applicable conditions and regulatory requirements.
Framekart is engaged in manufacturing and exporting eyewear frames in China. Its FY26 turnover was RMB 99.98 million, up from RMB 91.20 million in FY25 and RMB 72.73 million in FY24.
Importantly, Framekart currently contributes more than 30% of the Lenskart Group’s total eyewear production requirements.
The increased ownership is intended to strengthen supply-chain resilience, manufacturing control, localisation and backward integration.
Why Framekart matters
The move is strategically significant because Lenskart is not merely expanding its retail footprint; it is also increasing control over the manufacturing side of its business.
Greater ownership of a key manufacturing partner could potentially provide the company with better control over production capacity, sourcing and supply-chain execution.
OWNDAYS expands into South Korea
Lenskart is also setting up OWNDAYS Korea, a proposed wholly owned subsidiary of OWNDAYS Singapore and a step-down subsidiary of Lenskart.
The entity will operate in South Korea and focus on importing, wholesaling and distributing eyewear and optical products, along with franchise support and other services for the OWNDAYS business.
The proposed initial investment is KRW 300 million, approximately ₹2.02 crore, with OWNDAYS Singapore holding 100% of the equity.
This move further demonstrates Lenskart’s efforts to use its OWNDAYS platform to expand its international presence.
New China subsidiary to support Framekart operations
Lenskart also approved the incorporation of Wenzhou Framekart Trade Co., Ltd., or another name approved by the relevant authorities, in the People’s Republic of China.
The proposed company will be a subsidiary of Baofeng Framekart Technology Limited, with 95% of its equity share capital held by Framekart.
Its proposed activities include trading, import, export and procurement of spectacle frames, optical products, related materials, equipment and technology.
The proposed subscription cost is RMB 1 million, approximately ₹1.41 crore.
ESOP allotment
The Board also approved the allotment of 5,85,561 equity shares of face value ₹2 each to eligible employees following the exercise of vested options under the Lenskart Employee Stock Option Plan, 2021.
The shares were issued on August 12, 2026. The exercise price ranged from ₹17.06 to ₹230 per share, and the shares rank pari passu with the existing equity shares.
After the issue, total issued shares stood at 1,73,93,06,168, with issued share capital of ₹347.86 crore.
IPO proceeds: ₹363.77 crore utilised
Lenskart completed its IPO during FY26, involving 181,058,478 equity shares and an aggregate issue size of ₹7,278.02 crore.
Of the proceeds raised through the fresh issue, ₹363.77 crore had been utilised up to June 30, 2026, toward the objects specified in the offer document. The remaining unutilised proceeds were temporarily invested in fixed deposits and bank balances and are to be utilised according to the stated objects.
Merger of Dealskart and Lenskart Eyetech
Another corporate development is the proposed merger of Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, both wholly owned subsidiaries, with Lenskart Solutions Limited.
The merger remains subject to statutory and regulatory approvals, including approvals from shareholders, creditors and the National Company Law Tribunal.
The proposed merger has not been given effect in the current financial results.
This article is based on Lenskart Solutions Limited’s Board Meeting outcome and unaudited financial results for the quarter ended June 30, 2026. The financial results were subject to limited review. Pro forma figures cited above are management-certified and were not subject to audit or review. This article is for informational purposes and should not be considered investment advice.