Lenskart Share Price Rises as Q2 Profit Jumps 20%, 450+ New Stores Planned

We have recently witnessed a surge of interest in Lenskart as its share price climbed following strong quarterly results. In Q2 FY26, Lenskart reported a 20% year-over-year rise in net profit, a strong signal of growing financial strength. The company also revealed plans to open over 450 new stores across India this fiscal year. These developments are reshaping the narrative around Lenskart, making it not just a digital eyewear retailer but a rapidly expanding omnichannel brand. We will explain what’s driving Lenskart’s momentum, why its share price is reacting, and what could lie ahead.

Lenskart’s Recent Share Price Movement

Following the Q2 results announcement, Lenskart’s share price jumped sharply. Markets responded with optimism as investors digested the better-than-expected profit growth and aggressive expansion plans. Given that Lenskart recently debuted on the stock exchange, this rally adds renewed confidence in its long-term trajectory.

The steep rise reflects growing investor belief that the company is entering a phase of sustained growth, not just a short-term spike. Market watchers are now closely tracking future quarterly results, store additions, and profitability metrics to see if this momentum holds.

Q2 Earnings: Profit Jumps 20%

In the quarter ended September 2025, Lenskart’s operating revenue rose 21% year-on-year to ₹2,096 crore. Meanwhile, net profit reached ₹103.5 crore, up from ₹86.3 crore a year ago. At the operating level, earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 44.5%, rising to ₹414.20 crore from ₹287 crore in the same quarter last year. This lifted EBITDA margins to around 19.8%, up from about 17%. Much of this growth came from a 20% increase in volume. Lenskart sold 8.3 million eyewear units in Q2, significantly more than in the year-ago quarter. The company attributed improved margins to better scale, vertical integration, and supply-chain efficiencies that keep production and lens costs well below industry averages.

The jump in both top-line and bottom-line numbers, especially so soon after its public listing, shows that Lenskart’s business model appears to be gaining traction. It signals to investors that the company may deliver durable profits, not just a one-off surge.

Expansion Strategy: 450+ New Stores Planned

Lenskart isn’t just betting on online growth. The company is going big on offline expansion. For FY26, Lenskart aims to add more than 450 net new stores across India, a substantial jump from 282 stores added in FY25. As of September 2025, its store count in India reached 2,270, up from 1,871 a year ago. Metro and Tier-1 cities got more outlets, but the sharpest growth came from Tier-2-plus markets. The brand’s footprint also expanded from 399 to 431 cities during the first half of FY26.

The company argues these added stores will not cannibalize existing locations. Instead, they’re designed to tap underserved markets, increase reach, and bring eyewear,  including eye tests and prescription services, closer to first-time customers. This aggressive retail push helps solidify Lenskart’s presence on the ground, complementing its online operations. For investors, such expansion offers a potential growth runway, especially if newer stores replicate the success of older ones.

What Is Driving the Growth?

Lenskart’s growth is not just about expansion; it’s built on a strong underlying business model and evolving market dynamics.

• Rising eyewear demand: As more people prioritize eye health and fashion, demand for prescription glasses, sunglasses, and daily wear eyewear is rising in India. Lenskart has positioned itself as a go-to solution in this growing market. According to its estimates, India’s eyewear market could nearly double in the coming years.
• Omnichannel model: Lenskart combines online convenience (app, website) with offline stores. This hybrid model helps serve customers who prefer to try frames physically, get eye tests, or seek personal service, a strong advantage in a market where trust and convenience matter.
• Technology and scale benefits: The company invests in supply chain, centralised manufacturing, vertical integration, and logistics, which allow it to keep costs of frames and lenses 35–40% below the industry average.
• Large potential customer base: Many customers served by Lenskart are first-time eyewear users, showing that the company isn’t just shifting demand from existing players but expanding the overall market.

Together, these factors create a strong foundation for growth, not only in revenues but also in profitability and market share.

Investor Sentiment and Market Outlook

Investors appear encouraged. The sharp rise in share price post-results suggests confidence in Lenskart’s growth story. Analysts are optimistic about the firm’s ability to scale further, especially given its success with both online and offline channels. Still, some caution remains. Rapid expansion comes with risks, store setup costs, rent, staffing, local competition, and ensuring consistent quality across hundreds of new outlets. Execution must stay sharp.

But with improving unit economics, growing margin, and increasing volume, Lenskart is shaping up as a serious contender in eyewear retail. If it delivers on its expansion promises while maintaining profitability, long-term investors could be rewarded.

Lenskart’s Position in the Eyewear Market

Today, Lenskart is among the top organized eyewear retailers in India. It leads in both scale (number of stores) and reach (cities covered), significantly ahead of many local players. Its competitive advantages, low-cost manufacturing, efficient logistics, omnichannel presence, and wide brand portfolio give it an edge. The company’s ability to conduct remote eye tests, offer home try-ons, and deliver next-day across many cities enhances customer experience and loyalty.

Given the expected expansion of India’s eyewear market in the coming years, Lenskart could capture an increasing share, especially among younger and first-time customers, provided it executes well.

Future Growth Plans

Looking ahead, Lenskart doesn’t plan to slow down. Apart from aggressive store additions in India this year, it is also venturing into new product lines. The firm has announced plans to launch AI-powered smart glasses by March 2026, combining eyewear with modern tech features. The goal seems to be a “next-gen eyewear platform”, blending prescription optics, fashion, and technology. If successful, such innovations could open additional revenue streams beyond traditional glasses and contact lenses.

On the retail side, the company’s long-term plan appears to be reaching deeper into Tier-2 and Tier-3 cities, making eyewear more accessible across India. Given rising consumer awareness and affordability, this could turn out to be a smart bet.

Conclusion

The recent jump in Lenskart’s share price is not just a market reaction to numbers; it reflects growing confidence in a robust business model, scalable expansion, and long-term potential. With a 20% rise in net profit, 21% increase in revenue, and plans for 450+ new stores, Lenskart is showing signs of transition: from a fast-growing startup to a mature, diversified eyewear brand. For investors and market watchers, the key will be execution: Can Lenskart maintain its margins while scaling? Can it ensure quality and service across hundreds of new stores? If the answer is yes, Lenskart might well shape the future of eyewear in India and deliver value for its shareholders along the way.

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