Lenskart's revenue also saw a significant jump, growing 20.8% YoY to ₹2,096 crore from ₹1,735.6 crore in Q2 FY25. The company attributed this growth to higher demand across its online and offline channels. Sequentially, the company's profit surged by an impressive 70.3%, much higher than the ₹60 crore reported in Q1 FY26. Notably, there were no exceptional losses this quarter as opposed to ₹10.4 crore in Q1 of the current fiscal year.
Global brokerage Jefferies has given a 'Buy' rating on Lenskart, setting a share price target of ₹500. This indicates a potential upside of 23% from the current levels. The brokerage noted that Lenskart's unique structure, multi-channel operating model, and measured expansion strategy offer strong visibility for sustained earnings growth. They also highlighted the company's hybrid operating structure as a key driver in improving margins and enhancing customer experience.