Lenskart’s Q4 FY26 Revenue Hits Rs 2,516 Cr Despite 7% Profit Decline

Famous Eyewear Brand Lenskart has reported its quarterly results for fiscal year 2026 with a whopping 45% increase year-over-year in combined gross revenues as well as quarterly net profits. The company’s total revenue from operations increased from 1,727 crores to 2,516 crores in Q4 FY26 compared to this same quarter a year ago.

The Indian market was primarily responsible for Lenskart’s impressive revenue growth in Q4 FY26 as domestic revenue rose by 44% while international revenue growth was 35%. As such, the company continued its pursuit of aggressive offline growth by adding 603 new stores during FY26, bringing its total number of stores globally to 3,327.

In total for the full fiscal year ending March 2026, Lenskart had a revenue increase of 28% from the previous fiscal year with total revenues of 8,988 crores versus 7,009 crores in FY25. This indicates ongoing consumer demand for Lenskart’s products via both online and offline channels.

On the expense side, Lenskart’s raw materials remain the single largest expense category and account for almost 33% of total expenses. Cost of materials in Q4 FY26 grew from the prior year’s level by 36%, totaling 764 crores in Q4 FY26; additionally, Lenskart’s employee benefit costs grew year-over-year by 26%, reaching 548 crores; last year’s total for the same quarter was 435 crores.

Increased capital costs as well as additional depreciation costs for the new operations impacted overall expenses ($1,921 million) in the third quarter, reflecting an increase of 36% year-on-year.

In spite of strong revenues from sales, increased expenses and higher taxation have negatively impacted profitability. The Company reported net profit of $200 million in Q4 FY26 down 7% until Q4 FY25 ($220 million).

On a year-on-year basis, the Company reported good growth per share in FY26 ($580 million to $385 million). This reflects the long-term increase in the size of the Company and its ability to operate efficiently.

In particular, Lenskart made strides within its international business since the Company launched a new subsidiary company in Singapore in October 2020 to help broaden its global footprint. This subsidiary acquired an 84.21% interest in Stellio Ventures, S.L., an eyewear company based in Spain, along with acquiring a greater ownership stake in QuantDuo Technologies and investing in Dimension NXG and South Korean based iiNeer Co. Ltd. as part of a comprehensive international growth strategy for the Company.

Post-announcement of these acquisitions, Lenskart’s market capitalization increased to approximately $84 billion (approximately $8.8 billion) with the stock closing on Wednesday at approximately $484 per share.

The latest quarterly performance reflects Lenskart’s continued focus on scaling its omnichannel retail network, expanding internationally, and strengthening its technology-driven eyewear ecosystem despite short-term pressure on margins.

Disclaimer:

This article is intended for informational and news purposes only and should not be considered financial, investment, or business advice. Information is based on publicly available sources at the time of publication. Readers are encouraged to verify details from official announcements before making financial or investment decisions. Company names, trademarks, and logos belong to their respective owners.