Lenskart, India’s leading eyewear retailer, has made a stunning financial comeback this year. The company reported a net profit of ₹62 crore in the first quarter of FY26, marking a major turnaround from a loss of ₹11 crore in the same quarter last year. With a 25% jump in revenue to nearly ₹1,894 crore, Lenskart’s growth story shows how strong business strategy and global expansion can transform a startup into a powerhouse brand.
Global Expansion Fuels Growth
Lenskart’s rapid rise has been driven by its success outside India. Nearly 40% of its total revenue now comes from international markets such as Taiwan, Australia, Japan, South Korea, Thailand, and the Middle East. This global reach has given the brand a major advantage, helping it diversify revenue streams and reduce reliance on domestic performance alone. By understanding local markets and adjusting its offerings, Lenskart has built a strong international foundation while continuing to dominate the Indian eyewear segment.
In addition to its overseas success, Lenskart’s focus on customer convenience, digital innovation, and affordable fashion eyewear has played a big part in its profitability. The brand’s “online to offline” model allows customers to browse online, try in-store, and buy easily — a model that continues to attract new users across regions.
Big Plans With Upcoming IPO
Building on its profitable momentum, Lenskart has filed papers for a massive ₹7,300 crore Initial Public Offering (IPO). The company aims to raise ₹2,150 crore in fresh capital, while existing shareholders will sell shares worth around ₹5,128 crore. This IPO will not only strengthen Lenskart’s balance sheet but also help expand its global footprint and enhance its technology infrastructure.
Part of the raised funds will be used to open new stores, improve supply chain operations, and enhance customer experience through better logistics and digital systems. Lenskart currently operates more than 2,800 stores globally, including over 2,100 outlets in India. With the IPO, the company aims to reach deeper into Tier II and Tier III cities while expanding further in Asia and the Middle East.
Smart Strategy Behind The Turnaround
Lenskart’s profit turnaround didn’t happen overnight. Over the past few years, the company has restructured its operations, reduced inefficiencies, and optimized costs. It has also strengthened its tech-based approach to personalize shopping experiences and streamline manufacturing. By focusing on both online and offline growth, the company created a solid hybrid model that attracts a wide customer base.
Its emphasis on affordable yet stylish eyewear, along with free eye checkups and strong after-sales service, has helped build long-term customer trust. Moreover, its expansion into global markets has diversified its revenue and reduced business risk, positioning Lenskart as a resilient and future-ready brand.
A Clear Vision For The Future
With profitability restored and investor confidence rising, Lenskart’s journey is an inspiring example of how Indian startups can achieve global success through persistence and innovation. The company’s leadership aims to build a world-class eyewear brand that combines technology, design, and accessibility.
As it gears up for its highly anticipated IPO, Lenskart is not just seeing financial growth but shaping the future of the eyewear industry. Its strong business fundamentals, customer-focused approach, and global ambitions suggest that the best is yet to come.