Lenskart's net profit in the second quarter of FY2027 exceeded doubling, revenue grew by 32.5%

Lenskart Solutions Limited reported a year-on-year revenue growth of 32.5%, reaching ₹2,845 crore for the quarter ending September 30, 2026. This figure is higher than the ₹2,147 crore recorded in the same period last year. Profit after tax more than doubled, amounting to ₹232 crore compared to ₹113 crore.

The profit growth is attributed to increased eyeglass sales volumes, product premiumization, and high demand in both Indian and international markets. EBITDA increased by 65.0% year-on-year, reaching ₹392 crore from ₹237 crore, while the margin expanded to 13.8% from 11.1%. This improvement reflects the growth in scale and operational efficiency supported by Lenskart's integrated business model covering brands, manufacturing, and distribution.

For the full fiscal year 2027, the company's revenue increased by 33.0% to ₹5,559 crore, and profit after tax reached ₹461 crore, equivalent to 87% of the company's profit for the full fiscal year 2026. Over the last 12 months, Lenskart's revenue surpassed the ₹10,000 crore mark.

Piyush Bansal, Chairman, Managing Director, and CEO of Lenskart, noted that a significant portion of the world's population still lacks access to vision correction, which limits people's ability to learn and develop.

Indian Domestic Market Situation

Revenue in India grew by 35.3% year-on-year, reaching ₹1,668 crore. The growth was supported by a 26.5% increase in eyeglass sales volume and growing demand for premium lenses. Growth in single-location store sales reached 20.8%, up from 14.8% the previous year, with growth observed in metro cities and Tier 1 and Tier 2 cities. Lenskart opened 143 new stores in India, including 94 in Tier 2 and Tier 2 Plus cities, and entered 61 new cities. The company's network in India now comprises 2,868 stores across 665 cities.

The company conducted 8 million eye examinations globally, a 40.4% increase compared to last year. The number of active participants in the Lenskart Gold program in India exceeded ten million, reaching 1.03 crore by the end of the quarter, a 38.6% year-on-year increase. Despite the continued weakening of the rupee, Lenskart maintained a consolidated product margin of 70.0% compared to 69.2% the previous year. In-house production of frames grew by 71.7% year-on-year, and lens manufacturing grew by 52.2%, helping to offset currency pressure and strengthen control over product quality and cost.

International Business

International revenue increased by 29.5% year-on-year, reaching ₹1,201 crore. This growth was driven by strong performance in Japan, Southeast Asia, the Middle East, and other regions. Growth was approximately 23% in constant currency terms, and eyeglass sales volume increased by 29.7%. International EBITDA rose by 86.8% to ₹127 crore, while the margin expanded to 10.6% from 7.3% the previous year. This marked the second consecutive quarter where the margin exceeded 10%, supported by scale and improved product mix.

Lenskart continued its international expansion, adding 22 new stores in the quarter, bringing its global network to 3,624 stores. Of these new stores, 12 were in Southeast Asia, three in the Middle East, two in Japan, and five in other markets.

In technology, Lenskart continues to develop vision care services using technology, making remote optometry available in 934 stores across India, up from 303 stores the previous year. Artificial intelligence is increasingly used in customer service, employee training, inventory planning, and manufacturing to enhance efficiency and improve the customer experience. During the quarter, the company expanded the availability of its smart glasses B to over 500 stores across India and online.

Lenskart's automated facility in Bhiwadi utilizes robotic manufacturing processes and AI-based quality checks to produce prescription glasses for both domestic and international markets. The company is also investing in its future facility in Hyderabad to meet future capacity needs and international growth. In the first half of FY2027, Lenskart generated ₹388 crore in operating cash flow, covering ₹187 crore in capital expenditures on stores, renovations, and remote optometry. Return on invested capital improved to 22.5% in the first half of FY2027 compared to 14.6% in FY2026, reflecting revenue growth and disciplined capital allocation. The company continues to invest in manufacturing, technology, retail, and brand building to support long-term growth.

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yourstory.comNovember 4, 16:09

Lenskart's profit doubled, revenue grew by 36% in the second quarter of fiscal year 27

The omnichannel eyewear retailer Lenskart reported more than a twofold increase in net profit in the second quarter of fiscal year 27, while revenue showed a 36% growth compared to the same period last year.

This growth is attributed to increased sales volumes of eyewear, product premiumization, and strengthening demand both in India and abroad. For the reporting period (June-September) of fiscal year 27, Lenskart recorded a net profit of 227 crore rupees, significantly exceeding the 102 crore rupees from the previous year, marking a 123% increase.

Revenue for this period amounted to 2,845 crore rupees, corresponding to an annual growth of 36%. Income from India increased by 35.3% year-on-year, reaching 1,668 crore rupees. This growth is supported by a 26.5% increase in eyewear sales volume and growing interest in premium lenses. Sales growth in single-tier stores reached 20.8%, up from 14.8% the previous year, with growth observed in both major cities and Tier I and II+ markets.

International revenue grew by 29.5%. The company expanded its network in India by opening 143 new stores, including 94 in Tier II+ regions, and entered 61 new cities. Consequently, Lenskart's network in India now covers 2,868 stores across 665 cities. Furthermore, the company conducted 80 lakh eye checkups globally, which is 40.4% more than the previous year.

Lenskart reported maintaining a consolidated product margin at 70%, slightly higher than the 69.2% recorded the previous year, despite the ongoing weakening of the rupee. In-house frame manufacturing grew by 71.7% year-on-year, and lens manufacturing grew by 52.2%, helping to offset currency pressure and strengthen control over product quality and cost. The company has a manufacturing facility in Bhiwadi and plans to open another one in Hyderabad.

The company continues to provide ophthalmic care services using technology; remote optometry is now available in 934 stores across India, up from 303 stores the previous year. It is also noted that artificial intelligence is being increasingly implemented in customer service, staff training, inventory planning, and production to enhance efficiency and improve the customer experience. In the second quarter, the company expanded the availability of B by Lenskart, its AI-powered smart glasses, to over 500 stores across India and online.

business-standard.comOctober 28, 14:14

Vedanta's second-quarter profit rose by 151% to 6,202 crore rupees, revenue increased by 57%

The metallurgical and mining giant Vedanta Ltd reported significant growth in its performance for the second quarter of the fiscal year 2027. The company's net profit increased by 151 percentage points, reaching 6,202 crore rupees.

During this quarter, the company's revenue grew by 57%, amounting to 25,812 crore rupees, while the EBITDA metric reached a record high of 9,938 crore rupees. These results were presented on a consolidated after-tax basis (PAT).

Consolidated Profit After Tax (PAT) for the quarter ending in September 2026 was 6,202 crore rupees, more than double the figure of 2,471 crore rupees recorded in the same quarter of the previous fiscal year. Total revenue also showed a 57% increase, reaching 25,812 crore rupees compared to 16,445 crore rupees last year.

The company stated in its announcement that EBITDA in Q2FY27 reached a record 9,938 crore rupees, showing a 17 percent quarter-on-quarter growth. This growth is attributed to favorable market and regulatory factors, as well as volumes, marketing, and other advantages, although some growth was offset by increased costs.

Furthermore, the company's net debt decreased by 4,624 crore rupees quarter-on-quarter, standing at 3,675 crore rupees compared to 8,299 crore rupees in June 2026. This reduction was primarily driven by cash flow from operating activities. In the September 2026 quarter, Vedanta generated free cash flow before capital expenditures of 5,803 crore rupees, which is higher than 4,412 crore rupees in Q1 FY27.

From July to September 2026, the company invested 1,135 crore rupees in capital expenditures for growth, accumulating a total investment of 2,283 crore rupees in the first half of the current fiscal year. Arun Misra, CEO of Vedanta Ltd, noted that the company demonstrated strong operational results, including a record production of mined metals amounting to 271 thousand tonnes and the best refined metal production figure for the first half in Zinc India.

He also mentioned the successful commissioning of Gamsberg Phase II in Zinc International, record chrome ore production, and 100% raw material assurance in FACOR, as well as the highest quarterly cathode output in Copper India. Misra added that the capital expenditure of 1,135 crore rupees in the second quarter was directed towards developing growth projects, expanding capacities, exploring deposits, and securing the resource base across the portfolio.

The company reported that the Zinc India business achieved a record production of mined metals in the second quarter, totaling 271 thousand tonnes, which is 5 percent higher than last year. Meanwhile, silver production increased by 20 percent, reaching 173 tonnes for the quarter. Copper sales in Copper India for the September quarter amounted to 52 thousand tonnes, which is 16 percent higher compared to the same period last year.

business-standard.comOctober 22, 14:56

Havells India's net profit grew by 9.7% to 349 crore rupees in the second quarter amid a 34.6% revenue increase

Havells India, a manufacturer of consumer electrical goods, reported on Thursday a year-on-year growth of consolidated net profit by 9.72%, reaching 349.22 crore rupees for the September quarter of fiscal year 27. This growth was driven by an increase in revenue.

According to Havells India's regulatory filings, in the July-September period of the previous year, the company recorded a consolidated net profit of 318.28 crore rupees. In the September quarter of fiscal year 27, the company's operating revenue increased by 34.57%, amounting to 6,432 crore rupees, compared to 4,779.33 crore rupees in the same period last fiscal year.

Havells' total expenses amounted to 5,991.98 crore rupees, which is 34.47% higher than the previous year. Chairman and Managing Director Anil Rai Gupta noted that the second quarter demonstrated strong business performance, including revenue growth of about 35% year-on-year and EBITDA growth of about 30%, despite stable demand amidst inflation.

Despite ongoing macroeconomic uncertainties, Anil Rai Gupta expressed optimism regarding the upcoming festive season. In the September quarter, Havells' switchgear business segment showed a revenue growth of 31.3% to 782 crore rupees. This growth was supported by increased domestic demand and the recovery of exports after disruptions in June.

The cables segment demonstrated impressive revenue growth of 47.9%, reaching 2,999 crore rupees. The growth was ensured by price increases related to raw materials, as well as a shift in the product portfolio towards larger cables. Revenue from lighting fixtures and lamps increased by 7% to 449 crore rupees due to improved demand and price stabilization.

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Havells India' total revenue, including other income, stood at 6,464.60 crore rupees, which is 32.86% higher in the second quarter of fiscal year 27. On Thursday, Havells India Ltd shares closed at 1,075.60 rupees on the BSE, showing a rise of 0.42% compared to the previous close.