Lenskart Q1 profit jumps to ₹222 crore as Platinum Jasmine eyes ₹2,047 crore stake sale

Lenskart reported Q1 FY27 revenue growth of 43.3% to ₹2,714.2 crore and EBITDA growth of 75.1%, while Platinum Jasmine A 2018 Trust is likely to sell a 1.7% stake through a block deal.

— Source publishedFri, 18 Sept, 2026, 19:12 IST·First seen Fri, 18 Sept, 2026, 19:23 IST·Source CNBC-TV18 · Companies

What happened

Lenskart Solutions · Platinum Jasmine A 2018 Trust is likely to sell a 1.7% Lenskart stake for ₹2,047.4 crore. Lenskart reported strong Q1 FY27 growth, with

Key facts

  • Platinum Jasmine A 2018 Trust likely to sell 1.7% stake
  • Block deal value: ₹2,047.4 crore
  • Floor price: ₹682.45 per share, 3.5% below last close
  • 90-day lock-up
  • Q1 FY27 net profit: ₹222 crore versus ₹60 crore
  • Revenue: ₹2,714.2 crore, up 43.3% YoY
  • EBITDA: ₹588.5 crore, up 75.1% YoY
  • EBITDA margin: 21.7% versus 17.7%
  • India revenue growth: 30.7% YoY
  • Store capex: ₹75 crore
  • Hyderabad-led plant capex: ₹132 crore
  • BSE close: ₹706.60, up 3.94%

Why this matters

Lenskart’s accelerating profitability and scale enhance its strategic flexibility for expansion, partnerships or acquisitions, though the prospective block deal may reset market expectations around ownership and valuation.

What to watch

  • Final pricing, buyer mix and post-deal share-price performance of the ₹2,047 crore block transaction.
  • Whether India revenue growth remains above 30% as the company laps a stronger base.
  • Sustainability of EBITDA margin above 20%, particularly marketing, store-rent and employee-cost trends.
  • Store additions, same-store sales growth and online-to-offline conversion metrics.
  • Competitive pricing or expansion moves from Titan Eye+, Specsmakers, international eyewear chains and e-commerce marketplaces.
  • Use improved cash generation to accelerate India store expansion and selective international growth.
  • Increase spending on premium frames, contact lenses, eye-testing services and membership/loyalty programs to raise repeat purchase frequency.
  • Highlight operating leverage and unit economics to institutional investors during or after the block deal.
  • Potentially pursue supply-chain localization, automation and manufacturing capacity expansion to protect gross-margin gains.