Eyewear retailer Lenskart Solutions Ltd’s profit for the April-June 2025 quarter stood at Rs 61.2 crore. A year ago the company was at a loss of Rs 10.9 crore. This has been revealed from the company’s revised Red Herring Prospectus (RHP). Lenskart’s revenue grew 24.6 percent year-on-year to Rs 1,894.5 crore in the June 2025 quarter. It was Rs 1,520.4 crore in the June 2024 quarter. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased to Rs 336.6 crore from Rs 183.4 crore in the September 2024 quarter. The financial cost stood at Rs 41 crore.
Lenskart’s revenue from India business stood at Rs 1,169.2 crore in the June 2025 quarter. A year ago it was Rs 936 crore. The international segment contributed Rs 736.5 crore to revenue, compared to Rs 584.4 crore in the June 2024 quarter. The company’s international business includes markets in the Middle East and South East Asia.
IPO opening on 31st October
Lenskart’s IPO is scheduled to open on October 31. Its size can be Rs 7278 crore. Anchor investors will be able to bid on October 30. The closing of the IPO will take place on November 4. After the closing of the IPO, the listing of shares can happen on BSE and NSE on November 10. There will be new shares worth Rs 2,150 crore in Lenskart’s IPO. Also, 12.75 crore equity shares will be put up for sale under Offer for Sale (OFS) on behalf of promoters and investors.
Along with founders and promoters Piyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi, SoftBank’s SVF II Lightbulb (Cayman), Schroders Capital, PI Opportunities Fund, MacRitchie Investments, Kedra Capital Fund and Alpha Wave will also sell shares in the OFS. Schroders Capital Private Equity Asia Mauritius will exit Lenskart by selling its entire 1.9 crore shares or 1.13 per cent stake.
FY 2025 first profitable year
Lenskart reported net profit of Rs 297.3 crore in FY25. The company had suffered a loss of Rs 10.2 crore in FY 2024. Revenue grew by 23 per cent to Rs 6,652.5 crore with a compound annual growth rate (CAGR) of 33 per cent in the last two years. Gross margin expanded more than 500 basis points to nearly 69 percent.
Lenskart was started in the year 2008 by Piyush Bansal, Amit Chaudhary, Neha Bansal and Sumeet Kapahi. The company has grown into India’s largest omni-channel eyewear brand. It has an online presence and as of March 2025, it had 2,723 stores across India and in markets such as the Middle East and Southeast Asia. The company is planning to open 450 new stores in fiscal year 2026.