Lenskart Shares Hit Record High: Up 31% From IPO After Q3

Lenskart share price target after Q3 results surged over 13% to set a new record high of ₹526.35 on February 12, 2026.

Quarter 3 FY 26 result marked 31% gain from its last IPO price of ₹402. Peyush Bansal’s eyewear retail brand reported a net profit of ₹131.03 crores for the quarter ending December. This marked an extraordinary 70% Y-o-Y growth compared to confirmed ₹1.85 crores in December 2024.

Lenskart Q3 Results 2026

Key financials to watch for Lenskart in 2026 include:

Risks for Lenskart

Some of the challenges Lenskart should be wary of:

1.Valuation Pressure:

When there is a dramatic rise in the company’s profit, investors always expect the performance to be stronger. In case, the results are slightly lower or drops down, the stock would see a sharp correction.

2.Expansion Could be a Growing Pain

Opening stores enhances market presence and it looks great on papers, but may be locations are not profitable. Some stores may struggle to attract customers. Also, the rising rent can consume the profit.

3. Exhausted Market

Lenskart faces stiff competition from the market. Online deals and discounts can affect the retail brand. This can pressure Lenskart to run promotions and cut prices, ultimately squeezing margins.

4.Not a Daily Essential

Buying glasses is not an everyday deal. People cut back on glasses, similar to they do on visiting doctors. If inflation is high, eyewear purchases will take a hit. 

What Contributed to Lenskart’s Stock Price Growth?

Some of the factors that contributed to the surge in the share price of Lenskart include:

1. Revenue Growth and Volume-led Expansion:

Store expansion with 169 stores in India and 26 in the international market added a lot to the growth of Lenskart.

The company contributed towards growth through customer addition and volume expansion with India revenue up 40.4% YoY and international up 33% Y-o-Y. Operational metrics confirm that eyewear units sold were about 89 lakhs and eye tests were about 63 lakhs, that suggests solid funnel creation and conversion.

Revenue from these operations grew to ₹2308 crores in Q3 FY 26, that indicates strong demand led growth. 

2.Jump in Net Profit

Lenskart confirmed a jump of an eye-catching 6983% growth Y-o-Y. The profit jumped to about ₹131.02 crores from ₹1.85 crore. Profit for the company triggered right after listing. And as an immediate reaction, the stock hit an all time high of ₹526.35 on February 12, 2026.

3.Margin Expansion

Over the years, the employee cost and operating expenses fell sharply. Profit grew exponentially as it appears from EBITDA that increased 1.9x approximately and EBITDA margin expanded to 20% from 14.5% initially. It justifies that the cost was absorbed better.

4. International Operations improved economics

Lenskart’s international revenue expanded to about ₹936 crores Apart from the domestic operations, the international business added to positive margins. The overseas footprints with multiple Asian countries' presence boosted the company’s valuation. 

Conclusion

Lenskart’s Q3 results indicate that the company is growing fast and becoming profitable. Margins are expanding strongly and revenue growth is exponentially high. Working on the cost efficiency and wider operations, net profit has also multiplied. 

Looks like the eyewear retail brand is entering a more sustainable earning phase to bring more on the plate for the investors and customers. 

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FAQs

What was Lenskart’s revenue and profit in Q3 FY-26?

Lenskart’s revenue from operations was ₹2307 crores approximately. The net profit is 70x Y-o-Y.

How many stores did Lenskart add in FY26?

Lenskart added 169 stores in India and 26 overseas. It added to the profit of the company.

How is Lenskart’s Indian and International business operating?

The international business revenue reached ₹936 crores and the Indian business revenue reached ₹1385 crores.