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Informist, Friday, Jul. 31, 2026

 

By Avishek Rakshit

 

KOLKATA – Increasing sales volume and improved sales realisations from its stores, primarily driven by same-store sales growth, are expected to drive the top line and help improve the bottom line of eyewear company Lenskart Solutions Ltd. Store additions in the June quarter are also expected to drive top-line growth, brokerages said.

 

Lenskart is expected to report a whopping 145% increase in its consolidated net profit for the June quarter to INR 1.73 billion, according to the average of estimates from six brokerages tracking the company. However, the net profit may decline sequentially by nearly 14%. The highest net profit estimate of INR 1.94 billion is from Kotak Securities Ltd., and the lowest estimate of INR 1.37 billion is from Emkay Global Financial Services Ltd.

 

The revenue is estimated to increase nearly 40% on year and over 5% on quarter to over INR 26 billion, according to the average of estimates. The highest revenue estimate of over INR 27 billion is from Motilal Oswal Financial Services Ltd., and the lowest revenue estimate of nearly INR 26 billion is from Elara Securities (India) Pvt. Ltd.

 

Brokerage Kotak, which expects Lenskart to report 40% on-year top-line growth in the June quarter, estimates the company's revenue growth in India to be 30% on year while international sales are expected to grow by 54% on year. Sales in the domestic market account for around 59% of the company's revenue. The remaining 41% comes from international operations.

 

Brokerages said the company's key strategies have been increasing customer engagement with innovative designs, expanding stores, and introducing new products. These key strategies are expected to have driven sales in the June quarter as well. According to the company's website, it has over 2,500 stores covering more than 500 locations.

 

Brokerages such as Elara and Kotak expect Lenskart's revenue to be primarily driven by volumes because of store additions and strong same-store sales growth. Realisations from sales are also expected to improve in the June quarter, which will drive the top line, brokerages said.

 

Lenskart is expected to report earnings before interest, tax, depreciation, and amortisation of INR 5.48 billion in the June quarter, according to the average of six estimates. The highest EBITDA estimate is INR 5.90 billion from JM Financial Institutional Securities Pvt. Ltd., and the lowest estimate is INR 4.94 billion from Emkay. The company will release its earnings Aug. 12.

 

Kotak said Lenskart's gross margins are expected to increase by 120 basis points on year to 69.3% in the June quarter. Friday, shares of the company ended at INR 561.40 on the National Stock Exchange, down 0.3% from Thursday. The shares are up nearly 13% since the company announced its March quarter earnings in May. All four research reports on the company available with Informist have a "buy" or equivalent recommendation on the stock at an average target price of INR 619 per share.

 

The following are the June quarter earnings estimates for Lenskart from six brokerages in descending order of the estimate of net profit in INR billion:

 

Broker Name	Net Sales	Net Profit	EBITDA
Kotak Securities Ltd.	26.56	1.94	5.56
Motilal Oswal Financial Services Ltd.	27.20	1.94	5.81
JM Financial Institutional Securities Pvt. Ltd.	26.68	1.91	5.90
Bank of America Global Research	27.02	1.67	5.35
Elara Securities (India) Pvt. Ltd.	25.50	1.53	5.34
Emkay Global Financial Services Ltd.	26.07	1.37	4.94
Average	26.50	1.73	5.48

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Himanshi Gupta 

 

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