Lenskart Reports 21% YoY Increase in Q2 Revenue, Net Profit Rises 20%
AI Summary1 min read
TL;DR
Lenskart's Q2 revenue grew 21% YoY to ₹2,096 crore, with net profit up 20% to ₹103 crore. The company plans to add over 450 stores, citing strong operating leverage and predictable store payback.
Lenskart, a newly listed eyewear retailer, reported a 21% YoY increase in operating revenue to ₹2,096 crore for Q2, with a 20% increase in net profit to ₹103 crore. The company's Ebitda rose 44% to ₹414 crore, with 59% of revenue coming from India operations. Lenskart's CEO Peyush Bansal said the company is entering a phase of compounding, with strong operating leverage and predictable store payback. The company plans to add more than 450 net stores in the future.
