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Lenskart Shares Jump 11% To All-Time High After Q2 Profit More Than Doubles

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Lenskart Shares Jump 11% To All-Time High After Q2 Profit More Than Doubles

Shares of omnichannel eyewear retailer Lenskart surged as much as 11.1% to an all-time high of ₹767.4 on the BSE today after the company reported a sharp increase in its September-quarter profit.

The stock opened 7.8% higher at ₹745.05 against yesterday’s closing price of ₹691. It subsequently pared some gains to trade at ₹733.55 at 11:15 IST, up 6.2%. At that price, Lenskart’s market capitalisation stood at ₹1,27,586.8 Cr (about $13.5 Bn).

The rally followed Lenskart’s Q2 FY27 results, announced yesterday. Consolidated net profit increased 124.7% YoY to ₹232.5 Cr, while operating revenue grew 35.7% to ₹2,845 Cr. Revenue growth outpaced the increase in expenses, supporting the improvement in profitability.

Most brokerages remained positive on the company, pointing to strong same-store sales growth in India, store additions, higher realisations, and increasing in-house manufacturing.

Jefferies retained its ‘Buy’ rating and raised its price target to ₹780 from ₹680, citing continued growth and margin expansion.

The brokerage said Lenskart is broadening its customer base through Hustlr Club, targeting the next 100 Mn Indians, while its premium retail format, evolv, and smart glasses offer additional growth opportunities. It added that strong growth supports the company’s premium valuation.

Equirus also raised its target to ₹874 for December 2027 from ₹698 for September 2027, retaining its ‘Long’ rating.

The brokerage expects Lenskart’s revenue to grow at a compounded annual rate of 24% between FY26 and FY29, supported by growth in both India and international markets. It models around 620 annual store additions over the next few years and expects greater in-house manufacturing to support margins.


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