Lenskart Reports 21% YoY Increase in Q2 Revenue, Net Profit Rises 20%

Lenskart, a newly listed eyewear retailer, reported a 21% YoY increase in operating revenue to ₹2,096 crore for Q2, with a 20% increase in net profit to ₹103 crore. The company's Ebitda rose 44% to ₹414 crore, with 59% of revenue coming from India operations. Lenskart's CEO Peyush Bansal said the company is entering a phase of compounding, with strong operating leverage and predictable store payback. The company plans to add more than 450 net stores in the future.