Lenskart Q4 Profit Slips 7.5% Despite Strong Revenue Growth Lenskart Solutions reported a decline in fourth-quarter profit for the period ended March 2026, even as revenue surged significantly. The eyewear retailer, based in Bengaluru, recorded a consolidated net profit of Rs 203.6 crore for the quarter, compared to Rs 220.1 crore in the same period the previous year. Total revenue for Q4 rose 32% year-on-year to Rs 2,564.7 crore, driven by store expansion, higher average selling prices, and growth in international markets. For the full financial year ended March 2026 (FY26), Lenskart’s net profit increased to Rs 500.9 crore from Rs 297.3 crore in FY25, while total revenue climbed to Rs 8,988.3 crore from Rs 7,009.3 crore. In its shareholder letter, founder and CEO Peyush Bansal highlighted the company’s transition into a “compounding phase,” emphasizing deeper customer engagement, premiumization, and expansion across India and global markets. India revenue for Q4 grew 44.1% year-on-year to Rs 1,475 crore, supported by a 24.2% increase in same-store sales. The company added 542 net new stores in India during FY26, compared to 282 stores in FY25, bringing its total store count to over 3,300 globally. International revenue for Q4 rose 35.4% to Rs 1,054 crore, led by markets such as Japan, Southeast Asia, and the Middle East. Lenskart also announced the launch of its AI-powered smart glasses brand, “B by Lenskart,” which has attracted over 30,000 customers to its waitlist. Looking ahead, the company outlined FY27 priorities, including transforming Lenskart into a “consumer-AI company,” expanding AI-led operations, scaling smart glasses, and deepening its omnichannel retail network. Bansal’s vision underscores the company’s focus on leveraging technology to enhance customer experiences and drive sustainable growth.#india #bengaluru #peyush_bansal #lenskart_solutions #b_by_lenskart
