Shares of Lenskart Solutions Ltd. are in focus on Monday, December 1, following the company’s second-quarter earnings report, which highlighted robust growth and signaled a strong trajectory for the upcoming quarter.

Strong Q2 Results

Lenskart reported a net profit of ₹102.2 crore in Q2, up 19.7% year-on-year from ₹85.4 crore and a 70.3% increase sequentially from ₹60 crore in the previous quarter. Exceptional losses were nil, compared to ₹10.4 crore in Q1 FY26.

Revenue for the quarter rose 20.8% year-on-year to ₹2,096 crore, while sequential growth was 10.6% from ₹1,894.4 crore. EBITDA jumped 44.5% to ₹414.2 crore from ₹287 crore in the same period last year, and 23.3% sequentially from ₹336 crore. Margins expanded to 19.76%, up from 18% in Q1 and the year-ago period.

For the first half of FY26, consolidated EBITDA grew 54.9% year-on-year, underlining Lenskart’s operational momentum.

Growth Outlook

The company plans to add over 450 net stores in India this fiscal year, up from 282 in FY25. Performance metrics through November indicate continued strong growth in revenue and EBITDA for Q3 FY26.

Brokerage firm Jefferies, which recently initiated coverage with a "buy" rating and a ₹500 price target, described the quarter as the start of Lenskart’s “compounding phase,” driven by technology and supply chain efficiencies. The firm highlighted AI integration across operations, an upcoming smart eyewear launch, and the company’s long-term global expansion plans.

Market Performance

Since its listing on November 10, 2025, at ₹395 per share, Lenskart has traded above its issue price of ₹403. The stock ended the previous session 1% higher at ₹411.8.

Lenskart’s strong Q2 results and ambitious expansion plans position it as a key player in India’s eyewear market, with investors optimistic about sustained growth in the months ahead.