Shares of Lenskart Solutions soared 13 per cent in early trade on Thursday, hitting a fresh 52-week high after the company reported a sharp jump in December quarter earnings, driven by strong revenue growth and margin expansion.
The stock climbed to ₹527.30 (its 52-week high) on the NSE in early deals. At 10 am, it was trading at ₹510.10 compared with the previous close of ₹467.60.
The eyewear retailer posted a manifold rise in consolidated profit after tax to ₹132.7 crore in the December quarter, up from ₹1.8 crore in the same period a year ago. The company attributed the strong performance to margin growth, new customer additions and positive returns from its international business.
Revenue from operations rose 38 per cent year-on-year to ₹2,308 crore during the quarter, compared with ₹1,669 crore in the December 2024 quarter.
Brokerages described the quarterly performance as a “blockbuster” and highlighted improving operating leverage across geographies.
JM Financial said Lenskart delivered a robust Q3 print with consolidated revenue growth of 37 per cent, primarily led by 40 per cent growth in India and 33 per cent growth in international markets. Growth was supported by strong same-store sales growth of 28 per cent in India.
The brokerage noted that a large part of the growth was volume-driven, aided by an increase in eye testing, which helped the company acquire new customers while expanding the overall market size. Store expansion remained strong, with 372 stores added in India and 48 internationally year-to-date, without cannibalising growth in existing clusters. India same-store performance growth of 36 per cent underscores the strength of its expansion strategy, it added.
Operational performance was even stronger, according to JM Financial. India pre-Ind AS EBITDA doubled year-on-year, while the international segment turned profitable, largely on the back of operating leverage benefits.
The brokerage said Lenskart continues to invest for long-term growth, focusing on affordability, assortment and access to drive revenue expansion. It also highlighted the integration of Meller, noting that the platform has demonstrated its ability to scale a brand globally at a fraction of standalone costs.
JM Financial said the Q3 performance reinforced its confidence in Lenskart’s operating model, where growth and profitability are compounding outcomes of the same AI-driven operating system now scaling globally. Following the strong earnings, the brokerage raised its FY26–28 pre-Ind AS EBITDA estimates by 6–10 per cent and revised its target price to ₹565 from ₹535 earlier, retaining buy call.
Published on February 12, 2026