Lenskart Q4 FY26 net profit dips 9% to ₹200 crore despite 46% revenue surge
Synopsis
Lenskart's headline profit dipped 9% in Q4 FY26, but that number obscures the real story: revenue rocketed 46% to ₹2,516 crore, adjusted PAT surged 165%, and the company conducted 6.8 million eye tests in a single quarter. India's largest eyewear retailer is expanding fast — and betting that first-time eye exams in tier-2 cities are its next growth engine.
Key Takeaways
Lenskart Solutions reported a ₹200.28 crore net profit in Q4 FY26 , down 8.49 per cent year-on-year from ₹218.88 crore .
Revenue from operations jumped 46 per cent to ₹2,516 crore in the March quarter.
Adjusted PAT surged 165 per cent in Q4; full-year adjusted PAT rose 148 per cent to ₹530 crore .
Full-year FY26 revenue reached ₹9,002 crore , up 32 per cent ; EBITDA grew 55.3 per cent to ₹1,789 crore .
The company conducted 23.8 million eye tests in FY26, up 48 per cent , with nearly half being first-time examinations.
Lenskart expanded into 157 new cities in tier-2 and smaller markets during the year.
Lenskart Solutions reported a 8.49 per cent year-on-year decline in consolidated net profit for the March quarter (Q4 FY26), even as revenue growth accelerated sharply, according to its stock exchange filing. The eyewear retailer posted a net profit of ₹200.28 crore in the fourth quarter, down from ₹218.88 crore in Q4 FY25.
Revenue and Operating Performance
Revenue from operations surged 46 per cent year-on-year to ₹2,516 crore in the March quarter, driven by strong same-store growth, expansion into new geographies, and rising demand for premium products. The company's adjusted profit after tax — which strips out certain one-time items — jumped 165 per cent in the same period, supported by 41 per cent revenue growth and 61 per cent EBITDA growth.
Full-Year FY26 Highlights
For the full financial year FY26, Lenskart reported a 32 per cent increase in revenue to ₹9,002 crore. EBITDA climbed 55.3 per cent to ₹1,789 crore, while adjusted PAT surged 148 per cent to ₹530 crore. The divergence between reported net profit and adjusted PAT reflects the impact of non-recurring charges on the statutory bottom line.
Eye Tests and Market Expansion
Lenskart conducted 6.8 million eye tests during the March quarter — a 45 per cent increase over the year-ago period. For the full year, total eye tests rose 48 per cent to 23.8 million, with nearly half being first-time eye examinations in India. 'Every eye test expands the addressable market itself. Growth is deepening, not just widening,' the company said in a statement.
India delivered same-store sales growth of 24.2 per cent in the fourth quarter, while same-pincode growth remained significantly higher. The company also expanded into 157 new cities across tier-2 and smaller markets during the year.
International Business Momentum
Lenskart's international operations continued to gain traction. International revenue grew 35 per cent year-on-year in the March quarter, with EBITDA margin expanding to 9.2 per cent. For the full year, international revenue rose 30 per cent, with EBITDA margin improving by 335 basis points to 7 per cent.
The results position Lenskart as one of India's fastest-growing consumer retail platforms, with the company's next phase of growth expected to hinge on deeper tier-2 penetration and international margin improvement.
Point of View
Which is the more operationally honest figure. The real question is what is sitting inside the gap between statutory and adjusted profit, and whether those charges are genuinely one-time or structural. Meanwhile, the 6.8 million eye tests in a single quarter is not just a wellness metric — it is a customer acquisition funnel. If nearly half of India's 23.8 million annual eye tests are first-timers, Lenskart is still in market-creation mode, not market-share mode. That is a durable growth story, but it also means profitability will remain lumpy as the company absorbs the cost of building that funnel.
NationPress
13 Aug 2026
Frequently Asked Questions
What was Lenskart's net profit in Q4 FY26?
Lenskart Solutions reported a consolidated net profit of ₹200.28 crore in Q4 FY26, an 8.49 per cent decline from ₹218.88 crore in Q4 FY25, according to its stock exchange filing.
Why did Lenskart's net profit fall despite strong revenue growth?
Revenue from operations surged 46 per cent to ₹2,516 crore in Q4 FY26, but the statutory net profit declined 8.49 per cent year-on-year. The company's adjusted PAT, however, jumped 165 per cent in the same quarter, suggesting the statutory profit was weighed down by non-recurring or non-cash charges.
How did Lenskart perform for the full financial year FY26?
For FY26, Lenskart reported a 32 per cent rise in revenue to ₹9,002 crore. EBITDA grew 55.3 per cent to ₹1,789 crore, and adjusted PAT surged 148 per cent to ₹530 crore.
How many eye tests did Lenskart conduct in FY26?
Lenskart conducted 23.8 million eye tests in FY26, up 48 per cent year-on-year. Nearly half of those were first-time eye examinations in India, reflecting the company's market-creation strategy.
How is Lenskart's international business performing?
International revenue grew 35 per cent year-on-year in Q4 FY26, with EBITDA margin expanding to 9.2 per cent. For the full year, international revenue rose 30 per cent and EBITDA margin improved by 335 basis points to 7 per cent.
