Lenskart's profit doubles, revenue grows 36% in Q2
The omnichannel eyewear retailer posted strong growth across metrics: India revenue rose 35.3% to Rs 1,668 crore, international revenue grew 29.5%, and same-store sales reached 20.8%. Lenskart expanded its India footprint with 143 new stores, entering 61 new cities, and now operates 2,868 stores. Manufacturing improvements helped maintain product margins at 70% despite currency headwinds.
Key points
- Net profit doubled to Rs 227 crore; revenue grew 36% YoY to Rs 2,845 crore
- India revenue up 35.3% with 26.5% growth in eyewear volumes and strong premium lens demand
- Expanded to 2,868 stores across 665 Indian cities; international revenue grew 29.5%
- In-house manufacturing grew 71.7% YoY, helping offset rupee depreciation and maintain margins
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