Lenskart H1 FY27 profit rises 138% as revenue grows 33%

Lenskart Solutions Limited reported H1 FY27 pro forma profit after tax of Rs 461 crore, up 138.0% year on year, while revenue rose 33.0% to Rs 5,559 crore for the half-year ended September 30, 2026. Reported EBITDA increased 53.4% to Rs 1,213 crore and the profit-after-tax margin was 8.3%.

How did Lenskart perform in H1 FY27?

Lenskart delivered H1 FY27 revenue of Rs 5,559 crore, EBITDA of Rs 1,213 crore and profit after tax of Rs 461 crore, all based on pro forma financials. Revenue increased 33.0% year on year, EBITDA increased 53.4%, and profit after tax increased 138.0%, according to the presentation for the half-year ended September 30, 2026.

The presentation compares H1 FY27 revenue of Rs 5,559 crore with Rs 4,179 crore in H1 FY26, an increase of Rs 1,380 crore. Profit after tax rose by Rs 267 crore from Rs 194 crore in H1 FY26 to Rs 461 crore, which the presentation describes as a 2.4 times multiple versus the prior period.

The presentation also reports earnings before interest, tax, depreciation and amortisation before Indian Accounting Standard 116, or EBITDA before Ind AS 116, of Rs 753 crore in H1 FY27, against Rs 422 crore in H1 FY26. This Rs 331 crore increase is a separate measure from reported EBITDA of Rs 1,213 crore and its stated 21.8% margin.

Why did Lenskart’s profit growth exceed revenue growth in H1 FY27?

Lenskart’s disclosed figures show profit after tax rising faster than revenue, with profit up 138.0%, EBITDA up 53.4% and revenue up 33.0% in H1 FY27. The presentation does not attribute the difference to particular cost lines, pricing changes, tax items or other drivers.

The reported H1 FY27 EBITDA margin was 21.8%, while the profit-after-tax margin was 8.3%. Using the disclosed H1 FY26 revenue of Rs 4,179 crore and profit after tax of Rs 194 crore gives an implied prior-year profit-after-tax margin of about 4.6%; the move to 8.3% is a calculation from the reported figures rather than a separately stated management explanation.

The first-half margin profile was close to that reported for Q2 FY27. Q2 EBITDA margin was 21.9%, or 0.1 percentage point above the H1 figure, while Q2 profit-after-tax margin was 8.2%, or 0.1 percentage point below the H1 result. The presentation therefore shows similar reported margins across the quarter and half-year.

What did Lenskart report for Q2 FY27?

Lenskart reported Q2 FY27 revenue of Rs 2,845 crore, EBITDA of Rs 624 crore and profit after tax of Rs 232 crore on a pro forma basis. Compared with the corresponding prior-year quarter, revenue increased 32.5%, EBITDA increased 46.6% and profit after tax increased 106.1%.

Q2 accounted for Rs 2,845 crore of H1 FY27 revenue of Rs 5,559 crore and Rs 232 crore of first-half profit after tax of Rs 461 crore. The remaining quarter in the half-year therefore contributed Rs 2,714 crore of revenue and Rs 229 crore of profit after tax, based on the disclosed half-year and Q2 totals.

Q2 revenue growth of 32.5% was 0.5 percentage point below H1 growth of 33.0%, while Q2 profit-after-tax growth of 106.1% was below the H1 rate of 138.0%. The presentation provides these reported growth rates but does not give a quarterly segment split or a reconciliation for the difference between reported EBITDA and EBITDA before Ind AS 116.

What operating measures did Lenskart report in H1 FY27?

Lenskart reported 1.5 crore eye tests, 2.1 crore eyewear units sold and 297 net new stores in H1 FY27. These operating measures increased 40.1%, 26.4% and 32.0%, respectively, year on year, alongside the 33.0% increase in first-half revenue.

Eye-test growth of 40.1% exceeded the 26.4% growth in eyewear units sold by 13.7 percentage points. The presentation does not provide a conversion rate from eye tests to eyewear units, but it shows both activity measures expanding as Lenskart added 297 net new stores during the half-year.

For Q2 FY27, Lenskart performed 0.8 crore eye tests and sold 1.1 crore eyewear units, increases of 40.4% and 27.1%, respectively. It added 165 net new stores in the quarter, while the presentation reported India same-store sales growth of 20.8% and India sales-per-store growth of 27.1%.

The presentation also provides trailing 12-month scale figures, stating that revenue exceeded Rs 10,000 crore and EBITDA exceeded Rs 2,200 crore. EBITDA before Ind AS 116 exceeded Rs 1,300 crore and profit after tax was about Rs 800 crore; these are threshold or rounded figures and do not state a trailing 12-month growth rate.

Conclusion

Lenskart’s H1 FY27 presentation shows profit after tax rising from Rs 194 crore to Rs 461 crore as revenue increased from Rs 4,179 crore to Rs 5,559 crore. The reported result combined 53.4% EBITDA growth, a 21.8% EBITDA margin, 1.5 crore eye tests, 2.1 crore eyewear units sold and 297 net new stores.

The next scheduled item disclosed was the earnings conference call on November 4, 2026 at 5:30 PM Indian Standard Time to discuss the quarter and half-year ended September 30, 2026. Management’s discussion of the reported H1 FY27 performance, including the separate EBITDA before Ind AS 116 measure, is the next item identified in the presentation.