India’s leading eyewear company Lenskart is growing rapidly with strong sales, new technology products, and international expansion. At the same time, the company is also facing some legal and business-related challenges that investors are watching closely.
Founded in 2008, Lenskart started as an online eyewear seller and later became one of India’s biggest omnichannel eyewear brands. Today, the company has more than 3,300 stores across over 400 cities worldwide. It also operates several popular brands like John Jacobs, Vincent Chase, Hustlr, and Hooper Kids, helping it reach customers across different price ranges.
Revenue Growth Remains Strong
Lenskart reported impressive growth in the fourth quarter of FY26. The company’s revenue from operations rose nearly 46% year-on-year to Rs 2,516 crore.
The growth mainly came from higher eyewear sales. During the quarter, Lenskart sold around 97 lakh units, showing strong customer demand in both India and international markets.
Even though revenue increased sharply, the company’s net profit slightly declined to around Rs 200 crore. This happened because of higher inventory and component costs. The previous year’s profits had also included a one-time accounting gain, which was not present this time.
Still, Lenskart’s core business performance remained strong. EBITDA grew significantly, and operating margins improved to more than 21%, showing better efficiency in its operations.
For the full FY25 financial year, the company turned profitable after reporting losses in the previous year. However, market experts pointed out that part of the profit came from a one-time gain linked to an acquisition.
IPO Gives Fresh Push to Expansion
Lenskart entered the stock market in November 2025 with a Rs 7,278 crore IPO. The IPO included a fresh issue along with an offer for sale by existing investors and promoters.
The company is using the raised funds to open new company-owned stores, invest in technology, and support future expansion plans. A large portion of the money is still reserved for upcoming growth opportunities and acquisitions.
Industry experts believe the successful IPO has further strengthened Lenskart’s position in India’s growing organised eyewear market.
AI Smart Glasses Become New Focus
Lenskart is now focusing heavily on artificial intelligence and wearable technology. CEO Peyush Bansal recently said the company is moving from being a consumer-tech company to a “consumer-AI” company.
The company has launched its own AI-powered smart glasses called “B by Lenskart.” The glasses are powered by Qualcomm’s Snapdragon AR1 Gen 1 chip and Google Gemini AI.
The smart glasses come with a 12MP Sony camera and support features like hands-free calling, taking photos, live translations, object scanning, food tracking, and even UPI payments.
Lenskart has priced the smart glasses at Rs 22,000 for early users, while the final market price is expected to be around Rs 27,000. The company also plans to allow third-party developers to build apps for the platform.
Experts believe this move could help Lenskart become a major player in the smart wearable technology market.
Global Expansion and Manufacturing Plans Grow
Lenskart’s international business is also growing quickly. Overseas operations now contribute a large share of the company’s total revenue.
To expand globally, the company has made several acquisitions over the last few years. It acquired Japanese eyewear brand Owndays to strengthen its presence in Southeast Asia. Recently, it also bought a majority stake in Spanish sunglasses brand Meller.
The company is also investing heavily in manufacturing. Earlier this year, Lenskart started work on what it says will be the world’s largest eyewear manufacturing facility in Hyderabad.
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The new 50-acre plant is being built with an investment of Rs 1,500 crore and is expected to produce more than two lakh glasses every day. The facility will serve both Indian and global markets.
Reports also suggest that Lenskart plans to shift much of its Southeast Asian manufacturing to India to reduce costs and improve profit margins.
Company Faces Legal and Business Challenges
Despite strong growth, Lenskart is also dealing with several controversies and risks. A group of franchise owners in Karnataka had earlier filed an FIR against the company. They accused Lenskart of unfair business practices, including commission-related issues and opening company-owned stores near successful franchise outlets.
The company is also facing scrutiny from the Enforcement Directorate over alleged FEMA-related compliance issues linked to import-export filings. Reports say promoter Neha Bansal has appeared before authorities for questioning.
Another concern for analysts is Lenskart’s dependence on China for raw materials. A large part of the company’s sourcing still comes from China, which could create risks during global supply chain disruptions or geopolitical tensions.
Even with these challenges, Lenskart continues to remain one of India’s fastest-growing consumer brands. With strong retail expansion, AI-based innovation, and growing international operations, the company is aiming to strengthen its leadership in the eyewear and wearable technology industry.