Lenskart Q4 revenue rose 46% to Rs 2,516 crore; profit slipped 9% to Rs 200 crore, resurfacing a June move
Resurfacing a June update, Lenskart had posted strong Q4 topline growth, while profit declined year on year. Jefferies and BofA had pointed to AI integration and ongoing retail expansion as potential growth drivers, with Jefferies seeing 22% upside.
Lenskart reported a 9% decline in Q4 profit to Rs 200 crore despite 46% revenue growth to Rs 2,516 crore. Jefferies and BofA cited strong results, AI integration and retail expansion as growth drivers.
Why this matters
The result follows recent signals on HSBC's view that Lenskart's India network could scale from about 2,500 to 7,000 stores, while Jefferies and BofA have highlighted AI integration and retail expansion as growth drivers.
Retail-company signals are accelerating, up 89,682% QoQ.