Indian eyewear retailer Lenskart reports a 273% surge in quarterly profit for Q1 FY27, driven by rapid store expansion, growing overseas demand, and AI-powered operations, as the company aims to reach 1 billion customers globally.
Lenskart reported a sharp rise in quarterly profit for the first quarter of FY27, as demand for its eyewear products and services continued to grow across India and overseas. The omnichannel retailer’s consolidated net profit climbed 273% year-on-year to ₹228.4 crore from ₹61.2 crore a year earlier, while operating revenue rose 43% to ₹2,714.2 crore. On a sequential basis, profit was up 12% from ₹203.6 crore and revenue increased 8%.
The company’s top line was further supported by other income of ₹68.5 crore, taking total income for the quarter to ₹2,782.7 crore. Lenskart also said total expenses increased 35% year-on-year to ₹2,483.5 crore, reflecting the cost of scaling the business. It additionally booked a profit of ₹47 lakh from a joint venture.
An earnings note from Arthneeti said Lenskart is aiming to reach 100 million customers over the long term, with a more ambitious goal of eventually serving 1 billion. The company is also leaning on artificial intelligence to support operations and expects continued store-led expansion to remain a major growth driver. According to the note, Lenskart added 542 net new stores in FY26 and plans to keep expanding at a similar pace in FY27.
Arthneeti also reported that same-store sales growth remained strong, with India posting 24% and overseas markets rising 35%, led by Japan, South-East Asia and the Middle East. The note said volume trends were healthy too, with eye tests up 50% and eyewear units sold up 25% year-on-year, suggesting broader consumer demand beyond premium buyers.
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