Lenskart Share Price Hits All-Time High of ₹448.90 in 2025

Lenskart Shares Reach New Peak

Shares of Lenskart Solutions surged 10% to an all-time high of ₹448.90 on the BSE during Friday's intra-day trading session. The rally was supported by heavy trading volumes, indicating strong investor interest in the eyewear retailer. The stock surpassed its previous high of ₹448.40, recorded on December 1, 2025. Since its stock market debut on November 10, 2025, the company has performed well, trading 12% above its issue price of ₹402 per share. By mid-afternoon, the stock was trading 8% higher at ₹444, outperforming the BSE Sensex, which saw a modest 0.6% rise. Trading activity was significant, with combined volumes on the NSE and BSE exceeding 8.64 million equity shares, more than double the average.

Strong Financials Fuel Investor Confidence

A key driver behind the stock's momentum is the company's robust financial performance. For the second quarter of FY26 (July-September), Lenskart reported a 24% year-on-year (YoY) increase in revenue, reaching ₹2,147 crore. The company's operational efficiency also saw a marked improvement, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) growing by 34.3% YoY to ₹425.8 crore. This resulted in an EBITDA margin expansion to 19.8%, up from 18.3% in the same quarter of the previous fiscal year. The consolidated profit after tax for the quarter stood at ₹102.22 crore, a 20% YoY increase, reinforcing the company's path to sustainable profitability.

A Consistent Growth Story

Lenskart's recent performance is part of a longer-term growth trend. The company's revenues have grown at a compounded annual growth rate (CAGR) of 33% between FY23 and FY25, primarily driven by a 31% CAGR in sales volume. This expansion is attributed to several factors, including the rising prevalence of refractive errors, an increasing shift from the unorganised to the organised market, and deeper market penetration across India. Furthermore, Lenskart has improved its product margins from 64% in FY23 to 68% in FY25. This has been achieved through economies of scale and reduced dependency on external vendors, leading to raw material costs that are 35-40% lower than the industry average.

Strategic Market Positioning

Lenskart operates as a leading direct-to-consumer (D2C) eyewear company with a significant footprint in India, which accounts for 60% of its revenue. The remaining 40% comes from its growing international operations. The company's integrated business model, which covers design, manufacturing, and retail, is a key strength. In India, the eyewear market remains largely dominated by unorganised players, presenting a substantial opportunity for branded retailers like Lenskart to gain market share. The company currently holds a 4-6% share in the prescription eyewear segment. Its focus on operational efficiency and technology, including AI-driven solutions, has helped improve average revenue per store from ₹1.9 crore to ₹2.4 crore.

Analyst Outlook and Investor Interest

Brokerage firms have taken a positive view of Lenskart's prospects. ICICI Securities assigned a 'Subscribe' rating during the IPO, highlighting the company's vision and integrated model as key advantages among new-age tech companies. More recently, Jefferies initiated coverage with a 'Buy' rating and a ₹500 price target, pointing to Lenskart's tech-driven omnichannel strategy and strong store economics. Macquarie also initiated coverage with an 'Outperform' rating and a target price of ₹530. The company has also attracted notable investors, including billionaire Radhakishan Damani, who invested approximately ₹90 crore in a pre-IPO funding round.

Future Expansion and Vision

Looking ahead, Lenskart is focused on maintaining its growth trajectory. The company plans to add over 450 new stores in the current fiscal year, a significant increase from the 282 stores added in FY25. This expansion is supported by investments in its supply chain, including a new manufacturing facility in Hyderabad, which will further enhance its backward integration. CEO Peyush Bansal has stated that the company will prioritize volume growth, leveraging its scale to improve margins further. The expansion into international markets and the launch of innovative products like AI-powered smart glasses are also key components of its future strategy.

Conclusion

The recent surge in Lenskart's share price to an all-time high is a reflection of its strong operational execution and robust financial results. With a solid growth strategy, expanding margins, and a dominant position in a largely untapped market, the company is well-positioned for future growth. Investors and analysts will be closely watching its ability to sustain this momentum as it continues to expand its retail footprint both in India and globally.