Lenskart stock jumps 13% to record high after Q3 results

Lenskart Solutions’ stock price rose 13% on the BSE on February 12, reaching a record high after the company reported its Q3 results.

The shares opened at 511.65 rupees (US$5,65), up from 466.35 rupees (US$5,15), and peaked at 526.35 rupees (US$5,81) intraday.

The company posted a consolidated profit of 1.3 billion rupees (US$14.3 million) for the December quarter, compared to 18.5 million rupees (US$93,853) in the same period last year.

Revenue increased to 23.1 billion rupees (US$255 million) from 16.7 billion rupees (US$184.3 million) in Q3 FY25.

🔗 Source: LiveMint

🧠 Food for thought

Implications, context, and why it matters.

Lenskart’s growth comes from getting more out of current stores and customers

Sales at existing outlets grew 28% year-over-year, lifting store output without relying only on new locations 1.
Eye tests reached 5.5 million in the quarter. First-time customers made up 49%, which widens demand for vision care 1.
Average selling prices rose 7% as shoppers moved upmarket. Premium items such as Owndays lenses (a higher-end lens offering) now make up 38% of revenue, Mint reported 1.
International business turned profitable in the previous quarter. It added ₹325 million in profit in Q3, YourStory reported 2.

The company is putting profits and IPO money into AI and tech, plus retail and manufacturing growth

Profits are paying for work toward an “AI-first company,” including AI-enabled self-eye-testing and smart glasses 1.
Lenskart plans to launch its AI camera smart glasses, “B by Lenskart”. Inc42 reported plans to open the product to India’s developer ecosystem (external software makers) for third-party integrations 3.
Inc42 wrote that the move could support a platform ecosystem plus recurring revenue. It would place Lenskart alongside Meta and Reliance Jio’s smart-glasses efforts rather than only eyewear brands 3.
Inc42 also reported a proposed non-binding MoU-backed ₹15 billion greenfield manufacturing investment in Telangana rather than Hyderabad 3. A greenfield project is a new facility built from scratch. The plan backs a shift of more manufacturing from China to India 3.