Lenskart shares hit record high after Q1 profit jumps nearly four-fold; Motilal Oswal lifts target price
New Delhi, Aug. 13 -- Indian eyewear retailer Lenskart Solutions saw its shares gain 7% in Thursday's trade, August 13, to hit a fresh all-time high of Rs.627 after the company sustained its growth momentum in the June quarter and reported a near four-fold jump in profit.
The company on Wednesday reported a net profit of Rs.228 crore, compared with Rs.61 crore in the same period last year, marking a 273% year-on-year increase. The strong growth in profitability was supported by sustained demand for its prescription eyewear.
Revenue from operations grew 43.3% YoY to Rs.2,714.18 crore, compared with Rs.1,894.46 crore in Q1 FY26. Revenue from the India business grew 30.7% YoY to Rs.1,531 crore, while international revenue increased 38% to ...
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