Lenskart Q4 FY26 Revenue Surges 41% to ₹2,516 Crore; EBITDA Up 61%
Lenskart reported Q4 FY26 revenue of ₹2,516 crore, up 41% YoY, with EBITDA growing 61% to ₹322 crore (pre-Ind AS). Full-year FY26 saw EBITDA cross ₹1,000 crore and PAT reach ₹530 crore. India revenue grew 44% to ₹1,475 crore, while international revenue rose 35.4% to ₹1,054 crore. The company added 183 net new stores globally in Q4, reaching 3,327.
The announcement details robust financial performance with significant revenue and profit growth, expansion of store network, and positive outlook for the next fiscal year. This level of performance and strategic direction is likely to have a substantial impact on investor sentiment and the company's market position.
The company reported strong year-on-year growth in revenue and EBITDA, exceeding expectations and achieving significant milestones for the full fiscal year. The expansion in both domestic and international markets, coupled with margin improvements and strategic initiatives, indicates a positive financial outlook.
Lenskart Solutions Limited reported a strong performance for the fourth quarter and full year ended March 31, 2026. For Q4 FY26, the company's revenue grew by 41% year-on-year to ₹2,516 crore, marking its strongest quarter as a public company. EBITDA increased by 61% year-on-year, with margins expanding by 2.7 percentage points to 21.3%. Pre-Ind AS EBITDA almost doubled to ₹322 crore, with margins improving from 9.1% to 12.8%. Profit After Tax (PAT) for the quarter stood at ₹204 crore.
For the full fiscal year FY26, Lenskart achieved significant milestones, crossing ₹1,700 crore in EBITDA, ₹1,000 crore in pre-Ind AS EBITDA, and ₹500 crore in PAT for the first time. The company conducted 6.8 million eye tests globally in Q4, a 45% year-on-year increase, with approximately half of these in India being first-time exams. Units sold grew by 25% year-on-year in both Q4 and the full year. Lenskart added 183 net new stores globally in Q4, bringing the total store count to 3,327.
In India, Q4 FY26 revenue reached ₹1,475 crore, a 44% year-on-year growth. The India EBITDA pre-Ind AS 116 margin was 15.3%, a significant expansion from 9% in the prior year's quarter. Eyewear units in India grew 24.3% to 7.9 million, supported by a 50% increase in eye tests to 6 million. The company added 170 net new stores in India in Q4, totaling 2,609 stores by March 31, 2026.
International revenue grew by 35.4% year-on-year to ₹1,054 crore in Q4 FY26. On a constant currency basis, this represents a 25% growth. The international EBITDA pre-Ind AS 116 margin reached 9.2% in Q4, up from 8.1% in the previous year. For the full year, the international EBITDA margin reached 7%, a 3.4 percentage point improvement. International eyewear units grew by 29% year-on-year in Q4. The company added 13 net new international stores in Q4, ending the year with 718 international stores.
Peyush Bansal, Co-Founder and CEO, highlighted the company's transition into a compounding phase, the growing opportunity in Tier 2 and beyond markets in India, and the robust performance of international business. He also emphasized the strategy of premiumization on customer terms and the upcoming launch of 'B by Lenskart', a premium smart eyewear product. The company's priorities for FY27 include an AI-first operating model, scaling to 100 million customers, building an integrated system, evolving stores into community hubs, building a global consumer brand, reinventing customer experience, and enhancing eyewear functionality.
The company generated operating cash flows of ₹887 crore in FY26, fully funding store capex and investments. The closing net cash balance stood at ₹3,881 crore. The company reiterated its long-term steady-state EBITDA pre-Ind AS margin expectation of approximately 25%.
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