Lenskart reports $24 million profit in second quarter
Eyewear retailer Lenskart posted a 36% revenue increase to $301 million for the second quarter of fiscal year 2027, yielding a net profit of $24 million.
India-based eyewear retailer Lenskart reported a net profit of 2.3 billion rupees ($24 million) for the second quarter of the 2027 fiscal year. Revenue for the period reached 28.5 billion rupees ($301 million), marking a 36% year-on-year increase.
Domestic operations accounted for 167 billion rupees ($176 million) of total revenue, supported by higher eyewear volumes and consumer demand for premium products. International revenue segments saw a 29.5% growth rate. The company's expansion strategy involved adding 143 stores in India, with 94 located in Tier II or smaller markets, bringing the total footprint to 2,868 stores across 665 cities.
The retailer is scaling its technological infrastructure, with remote optometry services now available in 934 locations compared to 303 a year prior. Additionally, the company has integrated its AI-enabled B by Lenskart eyewear into more than 500 physical and online retail points.