Shares of eyewear giant Lenskart rallied 12.87% to ₹526.4 during the early trading hours on the BSE today after the company reported a 70X YoY jump in its consolidated net profit for Q3 yesterday. At 11:28 IST, the shares of the company were trading 9% higher at ₹508.30. The company’s market capitalisation stood at ₹88,183 Cr (about $10.6 Bn). Lenskart posted a consolidated profit after tax of ₹132.7 Cr for Q3, up nearly 70X from ₹1.9 Cr in the year-ago quarter. On a sequential basis, profit rose 28% from ₹103.5 Cr. Meanwhile, its revenue from operations grew 38% YoY and 10% QoQ to ₹2,307.7 Cr. The company added 195 new stores during the three months ended December 2025 – 169 in India and 26 internationally. Going forward, Lenskart expects to add 420 new stores across FY26. Following the results, brokerage firm Jefferies maintained a ‘buy’ rating on Lenskart and raised the target price to ₹575. It said that Lenskart delivered an “exceptional quarter”, with growth and margin expansion domestically as well as in international markets. Calling the management commentary “compelling”, it said the management was clear about its focus on long-term growth over short-term margin maximisation. Meanwhile, Citi maintained a… Read MoreInc42 Media
