Lenskart Stock Jumps 11% to an All-Time High: Profit More Than Doubles

Lenskart shares jumped as much as 11.1% to an all-time high of ₹767.4 on Thursday, November 5, after the Indian eyewear retailer reported that its September-quarter profit more than doubled. The stock opened 7.8% higher and was still up about 6% by late morning in Mumbai, as brokerages raised price targets on strong India sales, faster store growth and expanding margins.

What happened?

Lenskart announced its Q2 FY27 results on Wednesday, and the market reaction came at Thursday's open. On the BSE, the shares climbed to ₹767.4, a new record, after closing the previous session near ₹691. The stock opened at ₹745.05, up 7.8%, and later traded at ₹733.55 at 11:15 IST, up 6.2%, giving the company a market capitalisation of about ₹1,27,587 crore, or roughly $13.5 billion, according to Inc42.

The headline numbers behind the move were growth and profit together, not one without the other. Revenue from operations rose 35.7% year on year to ₹2,845 crore. Net profit more than doubled: YourStory reported ₹227 crore in Q2 FY27, up 123% from ₹102 crore a year earlier, while Inc42 reported consolidated net profit of ₹232.5 crore, up 124.7%. Exchange-filing summaries carried by other outlets also put profit at about ₹227 crore, up 122.1% — the small difference reflects reporting basis, but every source agrees on the direction: profit rose by well over 120% on revenue up about 36%.

Why is it blowing up?

First, India — Lenskart's home market — delivered volume, not just higher prices. India revenue grew 35.3% year on year to ₹1,668 crore, supported by a 26.5% rise in eyewear volumes to 86 lakh units and stronger demand for premium lenses. Same-store sales in India grew 20.8%, compared with 14.8% a year ago, across metros and Tier I and Tier II+ markets. International revenue grew 29.5% in the same quarter.

Second, the store machine kept accelerating. Lenskart added 165 net stores in the quarter — 143 in India and 22 overseas — including entry into 61 new Indian cities. Its India network now spans 2,868 stores across 665 cities, and its total active store count reached 3,624. It also conducted 80 lakh eye tests globally, up 40.4% year on year, with remote optometry now available in 934 stores in India, up from 303 a year ago.

Third, margins held up while it grew. Lenskart said it maintained its consolidated product margin at 70%, compared with 69.2% a year ago, despite rupee depreciation. In-house frame manufacturing grew 71.7% and lens manufacturing rose 52.2%, helping it control costs and quality. Other filing summaries put EBITDA margin at 21.85%, up 210 basis points. The company also expanded its B by Lenskart AI smart glasses to more than 500 stores in India and online.

Key facts

• Stock move: Up as much as 11.1% intraday to an all-time high of ₹767.4 on the BSE on November 5; up 6.2% at ₹733.55 at 11:15 IST.
• Revenue: ₹2,845 crore in Q2 FY27, up 35.7% year on year.
• Profit: More than doubled — about ₹227 crore, up 123%, in YourStory's report; ₹232.5 crore, up 124.7%, in Inc42's consolidated report.
• India: Revenue up 35.3% to ₹1,668 crore; volumes up 26.5%; same-store sales up 20.8%.
• Expansion: 165 net new stores in the quarter; 80 lakh eye tests, up 40.4%.
• Brokerages: Jefferies raised its target to ₹780, Nomura kept a ₹888 target, Equirus raised its target to ₹874, while Citi stayed Neutral with a ₹700 target and warned about premium valuations.

Sources: Inc42, YourStory, Univest and DSIJ.

What's next?

The debate now is valuation versus execution. Bulls at Jefferies, Nomura, HSBC, CLSA and Macquarie pointed to operating leverage, in-house manufacturing and international growth, with targets ranging from ₹750 to ₹888. Citi's more cautious view is the counterweight: the stock already trades at a premium, and tougher comparisons in the second half could limit how much further the rating can rise, even if growth stays strong.

For the next quarters, the numbers to watch are the same ones that drove this rally: whether India same-store growth can stay near 20%, whether the pace of roughly 165 store additions a quarter continues, and whether product margins hold near 70% as the Hyderabad manufacturing plant joins the existing Bhiwadi facility. Thursday's record high shows investors are rewarding delivery on all three — not a promise, but a quarter that combined them.

This article reports what happened and how markets reacted. It is not financial advice.

FAQ

Why did Lenskart stock jump 11% today?

Lenskart reported Q2 FY27 profit that more than doubled and revenue up 35.7% to ₹2,845 crore, prompting a rally to an all-time high of ₹767.4 and a round of brokerage target increases.

How much profit did Lenskart make in Q2 FY27?

Reports put net profit at about ₹227 crore, up 123% year on year, with Inc42 reporting consolidated profit of ₹232.5 crore, up 124.7% — both show profit more than doubling from about ₹102 crore a year earlier.

How many stores does Lenskart have now?

Lenskart added 165 net stores in the quarter, taking its total active count to 3,624, including 2,868 stores in India across 665 cities.

What are brokerages saying about Lenskart?

Most stayed positive — Nomura's ₹888 target is the highest cited, Jefferies raised its target to ₹780 — while Citi stayed Neutral at ₹700, citing premium valuations and tougher second-half comparisons.