Lenskart Solutions Ltd.

LENSKARTConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

5 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 5 documents here); elsewhere sentences render unattributed.

Kind	Date	Period	Served
TRANSCRIPT	20251204	2025-09-30	yes
TRANSCRIPT	20260216	2025-12-31	yes
COVER_LETTER	20260521	2026-03-31	no
TRANSCRIPT	20260527	2026-03-31	yes
TRANSCRIPT	20260819	2026-06-30	yes

LENSKART

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity


Statement division	general
Scope served	consolidated
Panels on this page	4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.


Last close	676.00
52-week range	not reported for this period
Return 1M	3.06%
Return 3M	32.84%
Return 1Y	not reported for this period
Return 3Y	not reported for this period
Return 5Y	not reported for this period
Market capitalisation	not shown — we could not confirm it
Shares outstanding	not shown — we could not confirm it
P/E	not shown — we could not confirm it
P/B	not shown — we could not confirm it
EV/EBITDA	not shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.


Revenue from operations	2,714.00
Other income	68.00
Total income	2,783.00
Cost of materials consumed	631.00
Purchases of stock-in-trade	169.00
Changes in inventories	7.00
Employee benefit expense	599.00
Finance costs	53.00

Ownership — 2026-06-30, and the change from 2026-03-31

Holder	Per cent	Change
promoter and promoter group	0.18	-0.00
institutions foreign	0.13	0.08
institutions domestic	0.24	0.08
mutual funds	0.12	0.06
public	0.82	0.00

Documents on file

Class	Most recent	On file
COVER_LETTER	2026-03-31	1
TRANSCRIPT	2026-06-30	4

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Revenue from operations	2,096.00	2,308.00	2,516.00	2,714.00
Other income	33.00	40.00	49.00	68.00
Total income	2,129.00	2,348.00	2,565.00	2,783.00
Cost of materials consumed	552.00	579.00	612.00	631.00
Purchases of stock-in-trade	119.00	93.00	119.00	169.00
Changes in inventories	-21.00	45.00	33.00	7.00
Employee benefit expense	503.00	528.00	548.00	599.00
Finance costs	45.00	49.00	44.00	53.00
Depreciation and amortisation	253.00	270.00	288.00	305.00
Other expenses	529.00	599.00	665.00	719.00
Total expenses	1,980.00	2,163.00	2,308.00	2,484.00
Profit before exceptional items and tax	149.00	185.00	256.00	299.00
Exceptional items	0.00	-5.00	0.00	0.00
Profit before tax	149.00	180.00	256.00	299.00
Current tax	69.00	79.00	68.00	89.00
Deferred tax	-24.00	-33.00	-18.00	-17.00
Tax expense	45.00	46.00	51.00	71.00
Profit for the period	103.00	133.00	204.00	228.00
Profit attributable to owners	102.00	131.00	200.00	222.00
Profit attributable to non-controlling interests	1.00	2.00	3.00	7.00
Other comprehensive income	57.00	-130.00	74.00	-44.00
Total comprehensive income	161.00	3.00	278.00	185.00
Earnings per share, basic	0.61	0.77	1.17	1.28
Earnings per share, diluted	0.61	0.77	1.16	1.28

Annual results, as filed

Line	2026-03-31
Revenue from operations	8,814.00
Other income	174.00
Total income	8,988.00
Cost of materials consumed	2,255.00
Purchases of stock-in-trade	432.00
Changes in inventories	48.00
Employee benefit expense	2,044.00
Finance costs	178.00
Depreciation and amortisation	1,048.00
Other expenses	2,282.00
Total expenses	8,288.00
Profit before exceptional items and tax	700.00
Exceptional items	-16.00
Profit before tax	685.00
Current tax	266.00
Deferred tax	-86.00
Tax expense	179.00
Profit for the period	501.00
Profit attributable to owners	494.00
Profit attributable to non-controlling interests	7.00
Other comprehensive income	50.00
Total comprehensive income	551.00
Earnings per share, basic	2.91
Earnings per share, diluted	2.90

Balance sheet, as filed

Line	2025-09-30	2026-03-31
Total assets	11,478.00	14,413.00
Non-current assets	7,879.00	8,743.00
Current assets	3,599.00	5,670.00
Property, plant and equipment	1,535.00	1,849.00
Capital work-in-progress	67.00	112.00
Goodwill	2,191.00	2,198.00
Other intangible assets	1,076.00	980.00
Inventories	1,243.00	1,037.00
Trade receivables	147.00	175.00
Cash and cash equivalents	892.00	973.00
Total equity and liabilities	11,478.00	14,413.00
Equity	6,463.00	8,852.00
Equity share capital	321.00	347.00
Other equity	6,033.00	8,391.00
Total liabilities	5,015.00	5,562.00
Non-current liabilities	2,786.00	3,054.00
Current liabilities	2,229.00	2,508.00
Borrowings, non-current	185.00	134.00
Borrowings, current	134.00	86.00
Trade payables	886.00	952.00

Cash flow, as filed

Line	2025-09-30	2026-03-31
Net cash from operating activities	661.00	1,670.00
Net cash from investing activities	-73.00	-2,627.00
Net cash from financing activities	-400.00	1,201.00
Purchase of property, plant and equipment	306.00	828.00
Net increase in cash	238.00	319.00
con:CFO.BEFORE_TAX	737.00	1,917.00
con:INTEREST_RECEIVED.OPERATING	0.00	0.00
con:INTEREST_PAID.OPERATING	0.00	0.00
con:DIVIDENDS_RECEIVED.OPERATING	0.00	0.00
con:TAX_PAID.OPERATING	76.00	247.00
con:CF_OTHER.OPERATING	0.00	0.00
con:INVESTMENTS_PURCHASED	0.00	0.00
con:INVESTMENTS_SOLD	0.00	0.00
con:PPE_DISPOSALS	0.00	5.00
con:CF_INVESTING.SUBSIDIARIES_SOLD	0.00	0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED	321.00	323.00
con:CF_INVESTING.JV_SOLD	0.00	0.00
con:CF_INVESTING.JV_ACQUIRED	22.00	44.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder	2025-11-10	2025-12-31	2026-03-31	2026-06-30
Promoter and promoter group	0.18	0.18	0.18	0.18
Domestic institutions	0.15	0.16	0.15	0.24
Mutual funds	0.02	0.06	0.06	0.12
Insurance companies	0.00	0.00	0.00	0.01
Foreign institutions	0.59	0.04	0.04	0.13
Government	0.00	0.00	—	0.00
Public	0.82	0.82	0.82	0.82
Non-institutional	0.08	0.62	0.62	0.46
Shares outstanding	1734870187	1734870187	1736416007	1738720607

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

Date	Quarter
2026-08-19	Q1FY27	Read the call
2026-05-27	Q4FY26	Read the call
2026-02-16	Q3FY26	Read the call
2025-12-04	Q2FY26	Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

Topic	Q1FY27	Q2FY26	Q3FY26	Q4FY26
Capex	This was sufficient to fund our store capex of ₹75 crores and plant capex of ₹132 crores, which were largely pertaining to the Hyderabad facility, lea…	So, on the India manufacturing bit, I believe, if I am not wrong, our Bhiwadi capacity had come up three years back and now we are planning a large ca…	—	This fully funded our store capex of 603 net new stores while also investing in manufacturing, including the new Hyderabad facility.
Capital allocation	Reported financial statements reflect acquisition of Dealskart, Meller, and GeoIQ from their respective transaction closing dates, while proforma stat…	Reported financial statements reflect acquisition of Dealskart, Meller and GeoIQ from their respective transaction closing dates.	Reported financial statements reflect acquisition of Dealskart, Meller and GeoIQ from their respective transaction closing dates.	Reported financial statement reflect acquisition of Dealskart, Meller, and GeoIQ from their respective transaction closing dates, while pro forma stat…
Costs	And on the on the branded lens the arrangement is we are both manufacturing and brand licensing partners for these brands so we manufacture them in ou…	But at the same time, we also import raw materials into India.	So just wanted to understand why we have such a high-cost inflation when the store base is not increasing so fast.	Our ambition is to own even a greater share of the value chain now, from equipment to raw material to manufacturing, distribution, and the final mile …
Debt and cash	We generated ₹297 crores of operating cash flow, which is an 82% EBITDA1 to cash flow conversion.	And that we see we are able to manufacture in India and save at least 20%, 25% on the cost when we do it in India and our ability to do engineering in…	From a cash flow standpoint, in the first 9 months of this year, we generated ₹485 crores of cash flow from operating activities.	—
Demand	A year ago, we made a few bets on this market: that every eye test creates a customer and more stores would add demand, not divide it, and that Tier 2…	Each step towards greater convenience has unlocked new demand.	Our stores are asset-light order booking engines powered by a centralized supply chain.	The external environment will continue to throw up uncertainty, geopolitics, currency, and demand cycles could create short-term bumps.
Guidance	So very soon we would have the same level of analytics we have in India for most of our international markets and we will use that as our guiding forc…	So, I would say, I am not -- we do not give future guidance, but I would say we have seen very, very encouraging signs in demand coming in Q3.	Well, I don't want to get ahead of ourselves and not make future guidance, but it is structural.	With that, let me hand back to Peyush to talk about the longer-term performance and the outlook for FY27.
Margin	So far, many of you see us as a traditional Lenskart Solutions Limited August 12, 2026 eyewear company, good stores, improving EBITDA.	In addition, our reported EBITDA is excluding other income and includes all ESOP costs and R&D expenses.	In my last letter, I spoke about entering a compounding phase, where every incremental Rupee and Dollar in revenue will add more to the EBITDA.	In Q2, we told you we were entering a compounding phase where every incremental rupee and dollar of revenue would add more to EBITDA.
People	—	That being said, right now, we are investing in Hyderabad, but as we speak, our Bhiwadi utilization is already at 64%.	In fact, every person we are hiring in the corporate today, the interviews are taken by AI, even at a CXO level.	Building a consumer tech company was never about installing software or hiring engineers.
Pricing	And the second part is how did you crack the ₹500 which is a very, very sharp pricing?	Importantly, our pricing is not determined by competition.	ASP contributed 7% increase year-on-year, driven by customers choosing premium lens options and not just by the price increases.	We will step up our investments in R&D this year for automating eye testing and also accelerating new customer acquisition through innovation in produ…
Revenue growth	Yet, SSSG held at about 18% and same pin code sales growth at 24%.	For instance, international growth, the reported financials would indicate a higher Q2 revenue growth of 34% YoY due to inorganic addition of Meller d…	The revenue growth was primarily volume-driven, with eyewear units growing 32% year- on-year in Q3. This was powered by a 60% increase in the eye test…	In Q4, India delivered Same Store Sales Growth of 24% with Same Pincode Sales Growth of 31%.