Omnichannel eyewear leader Lenskart delivered a strong financial performance in the first quarter of FY27, reporting significant growth in both revenue and profitability while continuing to strengthen its manufacturing capabilities and international presence.
For the quarter, the company reported a consolidated net profit of ₹228.4 crore, representing a 273 percent year-on-year increase from ₹61.2 crore in the corresponding quarter last year. Profit also rose 12 percent sequentially, reflecting continued operational momentum.
Lenskart’s operating revenue increased 43 percent year-on-year to ₹2,714.2 crore, supported by sustained consumer demand across its omnichannel business. Including ₹68.5 crore in other income, the company’s total income reached ₹2,782.7 crore during the quarter.
As the business continued expanding, total expenses rose 35 percent year-on-year to ₹2,483.5 crore, reflecting investments in operations, manufacturing, technology, and growth initiatives. The company also reported a modest profit from one of its joint ventures during the period.
Beyond its financial performance, Lenskart announced several strategic initiatives aimed at strengthening its global supply chain and manufacturing ecosystem.
The company’s board approved an investment of ₹10.6 crore in Singapore-based Baofeng Framekart Technology Ltd, increasing its ownership in the eyewear frames manufacturing joint venture from 51 percent to 70 percent. The move further strengthens Lenskart’s manufacturing integration and long-term supply capabilities.
Lenskart is also expanding the international presence of its step-down subsidiary OWNDAYS by investing ₹20 crore to support its entry into the Republic of Korea, reinforcing the company’s ambitions across Asian markets.
Additionally, the company approved the establishment of a new step-down subsidiary in China, Wenzhou Framekart Trade Co., Ltd, with an investment of ₹1.4 crore to facilitate the trading, procurement, import, and export of spectacle frames and allied optical products. Lenskart will hold a 95 percent stake in the new entity.
The board also approved the allotment of 5.86 lakh equity shares to eligible employees under its Employee Stock Option Plan (ESOP) 2021, reinforcing its long-term employee ownership strategy.
Lenskart’s Q1 FY27 performance highlights the company’s continued ability to combine strong financial growth with strategic investments across manufacturing, global expansion, and technology. As India’s organised eyewear market continues to grow, the company’s omnichannel model, vertically integrated supply chain, and expanding international footprint position it well for sustained long-term growth.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
