SoftBank sells ₹2,888 crore worth of Lenskart shares in block deal

SoftBank sold 4.50 crore Lenskart shares at an average ₹641.75 each, a 3% discount to the prior close. The sale follows strong post-listing gains and improving operating performance, with Lenskart reporting FY26 revenue growth of 32.3% and Q1 FY27 revenue growth of 43% year-on-year.

— Source publishedMon, 24 Aug, 2026, 20:51 IST·First seen Mon, 24 Aug, 2026, 22:05 IST·Source Inc42

What happened

SoftBank sold 4.50 Cr Lenskart shares for ₹2,887.9 Cr in a block deal, continuing its post-listing stake reduction. The eyewear retailer’s strong share

Key facts

  • SoftBank sold 4.50 Cr Lenskart shares for ₹2,887.9 Cr
  • Average sale price: ₹641.75 per share
  • Sale price was at a 3% discount to prior closing price
  • SoftBank held 9.79% or 17.14 Cr shares at end-June 2026
  • Lenskart shares rose over 69% from ₹390 listing price
  • FY26 net profit: ₹530 Cr
  • FY26 revenue: ₹9,002.3 Cr, up 32.3%
  • Q1 FY27 net profit: ₹228.4 Cr
  • Q1 FY27 operating revenue: ₹2,714.2 Cr, up 43% YoY

Why this matters

SoftBank’s partial exit broadens Lenskart’s public-market ownership base and reinforces the strategic value of its scaled, fast-growing eyewear platform.

What to watch

  • Size, pricing discount and buyer mix of any subsequent SoftBank or other pre-IPO investor stake sale.
  • Quarterly revenue growth relative to the reported 43% year-on-year Q1 FY27 pace.
  • EBITDA margin, net profit trajectory and cash-flow conversion as expansion spending continues.
  • Same-store sales growth, new-store additions, online repeat purchases and average order value.
  • Any change in promoter/strategic investor lock-up status, disclosed shareholding or free-float levels.
  • Share-price performance versus the ₹641.75 block-deal reference price and the prior closing price.
  • Evidence that institutional demand absorbs block supply without persistent price weakness.
  • SoftBank may pursue additional staggered block deals if market liquidity and Lenskart’s share price remain supportive.
  • Lenskart is likely to emphasize quarterly revenue growth, EBITDA/profitability progression, store productivity and international expansion to offset concerns over shareholder exits.
  • Management may accelerate investor outreach around margin durability, omnichannel economics, eye-care services and private-label penetration.
  • Domestic mutual funds and long-only institutions may increase participation as free float improves, particularly if further sales are completed at manageable discounts.

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