Lenscart Q2 Results: On November 5, the shares of Lenskart Solutions Ltd, a leading eyewear manufacturer, saw a tremendous buying spree. During the trading session, the company’s shares on BSE jumped 11 percent from the previous closing price. With this sharp rise, the stock rose to Rs. 767.40 peak was reached. Due to this increase in shares, the total market cap of the company also increased to Rs. 1.27 lakh crore has been crossed. The bullishness in the market comes just a day after the company’s excellent quarterly results.
Strong performance of the company on the earnings front
Lenscart announced its quarterly and half-yearly results a day ago. The company has done wonders on the earnings front in the July to September 2026 quarter. Year-on-year, the company’s consolidated net profit more than doubled to Rs. 232.45 crores. In the same quarter a year ago, the company posted Rs. 113 crore profit was made. During the period, the company’s net profit margin also improved by 2.92 percent to 8.2 percent.
There has also been a big jump in the total income, i.e. the income from the company’s operations. In the September 2026 quarter, consolidated revenue rose 35.72 percent year-on-year to Rs. 2,845.03 crores. Last year i.e. in the September 2025 quarter, this figure was Rs 2,096.14 crore. As for operating profit (EBITDA), it grew by 50 percent to Rs. 621 crore, which was Rs. 414 crores. The company’s EBITDA margin has also increased to 22 percent from last year’s 20 percent.
Business expanded in 61 new cities of the country
Lenskart has rapidly expanded its business with increased profits. The company has opened a total of 165 new stores during the July-September quarter. With this, the total number of active stores of the company has increased to 3,624. If we talk about India only, the company has opened 143 new stores in the country. Through this expansion, Lenskart has registered its presence in 61 new cities of the country.
Brokerage firms raised their target on the stock
After the strong results of the September quarter, the confidence of leading brokerage firms on Lenskart shares has increased. Brokerage house Nomura has maintained a ‘buy’ rating on the stock, citing the company’s outlook as better than expected. Nomura has set a target of Rs 888 per share for this.
On the other hand, HSBC has upgraded the rating of the stock to ‘Buy’. HSBC raised its target price on the stock to Rs. 790 done. The brokerage says it has revised its estimate on margin growth in India. Apart from this, the company is now looking at its international business as a bigger growth opportunity than before.
Among other brokerage firms, Jefferies maintained a ‘buy’ rating at Rs. A target of 780 has been given. Jefferies believes that the company’s growth momentum is sustained due to strong growth and increasing margins. Despite foreign exchange pressure, the company’s margin improvement is going in the right direction. CLSA has rated the stock ‘Outperform’ and Rs. A target price of 773 has been set.
