India, Nov. 3 -- Despite the criticism, and below-the-belt jibes, the hoopla won. Lenskart's Rs 7,000 crore-plus IPO (Initial Public Offering) was oversubscribed on the first day. However, damning questions still hang in the air, as experts, investors, and media take opposing and staunch stances on several issues related to the IPO. One of the first is related to its profitability. In 2024-25, the company became profitable, with nearly Rs 300 net profit, after a loss of Rs 10 crore in the previous year. A tongue-in-cheek article uploaded on a website explained the mini-miracle. Although revenues grew by 23 per cent in a single year, most of the profit came from non-operational sources. For example, in 2022, Lenskart purchased 93 per cent ...