Lenskart Q1: Profit Zooms 3.7X YoY To ₹228.4 Cr, Revenue Up 43%

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Omnichannel eyewear giant Lenskart’s consolidated net profit for Q1 FY27 surged 273% to ₹228.4 Cr from ₹61.2 Cr in the year-ago quarter. On a sequential basis, profit increased 12% from ₹203.6 Cr. Operating revenue jumped 43% YoY and 8% QoQ to ₹2,714.2 Cr. Including other income of ₹68.5 Cr, total income for the quarter increased to ₹2,782.7 Cr. Meanwhile, total expenses for the quarter increased 35% YoY to ₹2,483.5 Cr. The company registered a profit of ₹47 Lakh from a joint venture. Beyond approving its financials, Lenskart's board also cleared the following proposals: An investment of ₹10.6 Cr in Singapore-based Baofeng Framekart Technology Ltd, a JV between subsidiary Lenskart Solutions Pte Ltd and Geng Yongchao, to acquire an additional 19% stake. Lenskart will increase its holding in the eyewear frames manufacturing arm to 70%. The company is expanding its step-down subsidiary, OWNDAYS, into the Republic of Korea with an investment of ₹20 Cr. Lenskart is setting up a new step-down subsidiary in China, Wenzhou Framekart Trade Co., Ltd, to enter the business of trading, import, export and procurement of spectacle frames and allied optical products. The company will invest ₹1.4 Cr in the entity and acquire 95% of the equity share capital of the proposed entity, held under Framekart. Allotment of 5.86 Lakh equity shares, having face value of ₹ 2 each, as fully paid-up, to eligible employees, upon exercise of vested options granted under Lenskart Employees Stock Option Plan, 2021. Based on today’s closing price, the allotted stocks are valued at ₹34.4 Cr. (The story will be updated soon)

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