IPO-Bound Lenskart Swings to Profit in Q1 FY26 with INR 61.2 Cr Net Gain, Revenue Jumps 25% YoY
IPO-Bound Lenskart Swings to Profit in Q1 FY26 with INR 61.2 Cr Net Gain, Revenue Jumps 25% YoY
India’s leading eyewear brand Lenskart has reported a strong financial performance in the first quarter of fiscal year 2025-26 (Q1 FY26), marking a major turnaround ahead of its much-anticipated initial public offering (IPO). The company posted a net profit of INR 61.2 crore, compared to a loss of INR 11 crore in the same period last year, underscoring a solid recovery and growth momentum across its business segments.
Lenskart Swings Back to Profit
The eyewear giant’s return to profitability is driven by a sharp increase in revenues and improved operating margins. According to the company’s financial statement, operating revenue for Q1 FY26 stood at INR 1,894.5 crore, a robust 25% year-on-year (YoY) increase from INR 1,520.4 crore recorded in Q1 FY25.
The impressive revenue growth reflects the brand’s expanding market presence, both in India and globally, supported by strong product demand, technology-led distribution, and a focus on customer experience.
Strong Growth Across Segments
Breaking down the numbers, sales of goods — primarily Lenskart’s eyewear catalogue including spectacles, sunglasses, and contact lenses — rose 27% YoY to INR 1,822.2 crore in the quarter. This growth highlights the company’s widening consumer base and the increasing adoption of eyewear as a fashion and lifestyle accessory in India.
Additionally, revenue from services — which includes after-sales support, eye check-ups, and subscription offerings — saw a remarkable 98% YoY jump to INR 67.4 crore. This surge reflects Lenskart’s growing emphasis on customer engagement and value-added services that strengthen brand loyalty.
When including other income of INR 51.6 crore, total revenue for Q1 FY26 reached INR 1,946.1 crore, marking a 24.5% YoY growth. The overall improvement in margins and operational efficiency has been instrumental in helping the company swing to profit.
Operational Efficiency and Expansion Drive
Lenskart’s steady profitability also stems from its strategic focus on supply chain optimization, manufacturing efficiency, and digital innovation. The company’s large-scale manufacturing facility in Bhiwadi and advanced robotic lens lab in Haryana have improved production efficiency while reducing costs.
Moreover, Lenskart continues to invest in its omnichannel model, which combines the convenience of online shopping with the personalized experience of offline stores. The brand currently operates hundreds of stores across India and has expanded its international presence in markets like Singapore, the Middle East, and the United States.
Positioned Strongly Ahead of IPO
As Lenskart gears up for its IPO, the Q1 FY26 results reinforce investor confidence in its profitability and growth trajectory. Backed by marquee investors like SoftBank, Temasek, and KKR, the company’s consistent growth and operational resilience position it as a key player in India’s consumer tech and retail ecosystem.
The strong financial performance ahead of the IPO not only highlights the brand’s potential but also reflects the rising demand for organized eyewear retail in India.
With its return to profitability, Lenskart is well-poised to continue its expansion journey and strengthen its leadership in the eyewear market.
Keywords: Lenskart Q1 FY26 results, Lenskart profit, Lenskart revenue, Lenskart IPO, Peyush Bansal, Lenskart financial performance, Lenskart growth, Indian eyewear market, Lenskart sales, Lenskart FY26 earnings.
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