Lenskart Solutions Ltd

Stellio Ventures, S.L. (Stellio), a subsidiary of the Lenskart Solutions, has incorporated a wholly owned subsidiary namely Stellio Ventures UK (Stellio UK) in England and Wales, UK and accordingly, it has become a step-down subsidiary of the Company effective 05 January 2026. Stellio UK is incorporated with the objective for sale of eyewear products and related accessories under the 'Meller' brand in the United Kingdom. Powered by Capital Market - Live

The proposed entity will be named Stellio Ventures UK. The proposed entity is being incorporated with the objective of establishing and operating retail stores in the United Kingdom for the sale of eyewear products and related accessories under the 'Meller' brand. Stellio will subscribe GBP 100 in Stellio Ventures UK and Lenskart Solutions will indirectly hold 84.21% of the equity in the proposed step-down subsidiary through Stellio. Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. The company's consolidated net profit rose 19.60% to Rs 102.22 crore on a 20.77% increase in revenue to Rs 2096.15 crore in Q2 FY26 as compared with Q2 FY25. The counter fell 0.62% to end at Rs 449.10 on the BSE.Powered by Capital Market - Live

At an exchange rate of Rs 0.062 per Korean Won, the acquisition sum totals to Rs 18.6 crore. iiNeer is a Korea-based startup, which is focused on developing technology-enabled eye-testing and lens-cutting equipment. It had recorded a turnover of 177.77 million Korean Won in the calendar year 2024. This acquisition enables the company to build in-house optical hardware capabilities, specifically for manufacturing lens edging systems that include edgers, tracers, and blockers. By investing in these proprietary core equipment capabilities, the company expects to enhance operating efficiencies and reduce long-term capital expenditure on equipment. Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. The company's consolidated net profit rose 19.60% to Rs 102.22 crore on a 20.77% increase in revenue to Rs 2096.15 crore in Q2 FY26 as compared with Q2 FY25. The scrip rose 0.87% to currently trade at Rs 455.85 on the BSE. Powered by Capital Market - Live

The brokerage reportedly highlighted Lenskart's vertically integrated supply chain and strong execution track record as key positives. Its end to end control over manufacturing, design and distribution is seen as a major advantage in India's fragmented eyewear market, helping on costs, speed and efficiency. The broker expects this positioning to drive strong medium term growth and margin expansion. Lenskart is projected to add 450 to 600 stores annually and deliver a sales CAGR of about 26% over FY25 to FY28. Operating EBITDA is expected to nearly triple over the same period, supported by operating leverage and higher in house manufacturing. Faster margin expansion, improved international execution and quicker adoption of smart glasses were cited as key catalysts. With an estimated 5% share of the Indian eyewear market, well below levels seen for global category leaders, the brokerage sees significant headroom for growth, even as broader broker views remain mixed. Established in 2008, Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. India is its main market, and the company offers products across multiple price points and age groups. It operates in 14 countries, enabling cross-market design sharing and uniform brand positioning. Its portfolio includes in-house brands such as John Jacobs and Owndays in the premium segment, and Lenskart Air, Vincent Chase, Hustlr and Hooper Kids in the affordable and mid-range categories. On a consolidated basis, Lenskart's revenue for the Q2 FY26 quarter stood at Rs 2,096.1 crore, rising 20.8% year-on-year (YoY). Profit after tax (PAT) came in at Rs 103.5 crore, up 19.9% YoY, while the PAT margin moderated slightly by 4 bps to 4.94% in Q2 FY26. For FY26, the company is targeting 450+ net store additions--a 60% increase from the 282 stores added in FY25. Lenskart Solutions debuted on the exchanges on 10 November 2025 at Rs 390, a 2.99% discount to the issue price of Rs 402. The initial public offering was subscribed 28.26 times. The bidding window was open from 31 October to 4 November 2025, with a price band of Rs 382 to Rs 402 per share. At current levels, the stock is up 4.83% over its IPO price of Rs 402 and is up 8.05% from its listing price of Rs 390. Powered by Capital Market - Live

On a consolidated basis, revenue for the quarter stood at Rs 2,096.1 crore, rising 20.8% year-on-year (YoY). Profit after tax (PAT) came in at Rs 103.5 crore, up 19.9% YoY, while the PAT margin moderated slightly by 4 bps to 4.94%. EBITDA surged to Rs 413.3 crore, marking 44.4% YoY growth. The EBITDA margin expanded sharply by 323 bps YoY to 19.7%. On the cost side, total expenditure increased 16.1% YoY to Rs 1,682.83 crore. Raw material consumed climbed 22.25% YoY to Rs 551.54 crore. Employee expenses rose sharply by 54.58% YoY to Rs 502.54 crore. Consolidated net cash from operating activities stood at Rs 660.81 crore in H1FY26, higher than Rs 518.65 crore in H1FY25. Operationally, Lenskart continued to scale at pace. The company conducted 5.6 million eye tests in Q2 FY26, marking a 44.3% YoY jump. Eyewear units sold grew 20.2% YoY to 8.35 million, reflecting strong demand momentum across channels. Quarterly/annual transacting customer accounts rose 23.2% YoY to 4.8 million. Lenskart added 143 net new stores during the period, taking its active store network to 2,949 outlets at the end of the quarter. In both Q2 and H1, the company's stores delivered ~15% Same Store Sales Growth (SSSG), consistent with FY25 levels. Beyond SSSG, it achieved ~20% Same-Pincode Sales Growth, indicating that it is gaining market share within micro-markets rather than cannibalizing existing stores. For FY26, the company is targeting 450+ net store additions--a 60% increase from the 282 stores added in FY25. Established in 2008, Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. India is its main market, and the company offers products across multiple price points and age groups. It operates in 14 countries, enabling cross-market design sharing and uniform brand positioning. Its portfolio includes in-house brands such as John Jacobs and Owndays in the premium segment, and Lenskart Air, Vincent Chase, Hustlr and Hooper Kids in the affordable and mid-range categories. Lenskart Solutions debuted on the exchanges on 10 November 2025. The stock listed at Rs 390, a 2.99% discount to the issue price of Rs 402. The initial public offering was subscribed 28.26 times. The bidding window was open from 31 October to 4 November 2025, with a price band of Rs 382 to Rs 402 per share. Powered by Capital Market - Live

Net profit of Lenskart Solutions rose 19.60% to Rs 102.22 crore in the quarter ended September 2025 as against Rs 85.47 crore during the previous quarter ended September 2024. Sales rose 20.77% to Rs 2096.15 crore in the quarter ended September 2025 as against Rs 1735.69 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2096.151735.69 21 OPM %19.7216.49 - PBDT401.40329.70 22 PBT148.00133.95 10 NP102.2285.47 20 Powered by Capital Market - Live

Lenskart Solutions will hold a meeting of the Board of Directors of the Company on 29 November 2025.Powered by Capital Market - Live

Lenskart has announced the launch of its Meller sunglasses in India, the Barcelona-born brand it acquired earlier this year. This launch marks another major stride in strengthening Lenskart's premium and fashion eyewear portfolio as the company advances its ambition of building the world's most influential platform for next generation eyewear brands. Founded in Barcelona, Meller has emerged as one of Europe's fastest-growing D2C sunglasses brands, backed by a passionate Gen Z and Millennial fan base across Europe and the U.S. In FY25, Meller brand within Stellio Ventures, S.L. reported a revenue of Rs 272 crore, with an EBITDA of Rs 44.3 crore, translating to EBITDA margins of 16.3%, and Profit Before Tax of Rs 43.2 crore, representing 15.9% margins. Meller is defined by bold, expressive silhouettes and statement colourways - a sharp departure from conventional minimalist eyewear. Its 700k+ Instagram community, its highly creative digital marketing, and its distinctive design language inspired by Barcelona's vibrant street culture have given it a cult-like status among young global consumers. Powered by Capital Market - Live

The stock was listed at Rs 390, reflecting a discount of 2.99% to the issue price. So far, the stock has hit a high of 400.90 and a low of 355.70. On the BSE, over 32.34 lakh shares of the company were traded in the counter so far. The initial public offer of Lenskart Solutions was subscribed 28.26 times. The issue opened for bidding on 31 October 2025 and it closed on 4 November 2025. The price band of the IPO was fixed between Rs 382 and 402 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 2150 crore and an offer for sale of 12,75,62,573 equity shares, aggregating up to Rs 5128.02 crore, by existing shareholders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, among others. The objectives of the fresh issue include Rs 272.62 crore for capital expenditure towards the setup of new CoCo stores in India, Rs 591.44 crore for expenditure related to lease and rent agreement payments for CoCo stores operated by the company in India, Rs 213.37 crore for investment in technology and cloud infrastructure, Rs 320 crore for brand marketing and business promotion expenses, and the remaining amount for inorganic acquisitions and general corporate purposes. The promoters were Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. The promoters and promoter group had held an aggregate of 33,45,19,726 equity shares, aggregating to 19.9% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding had been expected to be around 17.72%. Established in 2008, Lenskart Solutions is a technology-focused eyewear company designing, manufacturing, branding, and retailing prescription eyeglasses, sunglasses, contact lenses, and accessories. India serves as its primary market. It offers a wide range of eyewear across price points and age groups. Its presence in 14 countries enables sharing of designs across markets, supporting innovative product launches while maintaining a consistent global brand. The company designs and sells a wide range of eyewear products under its own brands and sub-brands that include premium collections through John Jacobs and Owndays and economy and affordable premium collections through Lenskart Air, Vincent Chase, Hustlr, and Hooper Kids. In Q1 FY2026, 38.87% of revenue came from exports, while the domestic market contributed 61.13%. In Q1 FY2026 and FY2025, the company sold 6.72 million and 22.91 million units of eyewear in India, respectively, and 1.13 million and 4.29 million units in international markets, respectively. Ahead of the IPO, Lenskart Solutions, on 30 October 2025, raised Rs 3,268.35 crore from anchor investors. The board allotted 8.13 crore shares at Rs 402 each to 147 anchor investors. The firm reported a consolidated net profit of Rs 76.42 crore and sales of Rs 2,032.25 crore for the three months ended on 30th June 2025.Powered by Capital Market - Live

The equity shares of Lenskart Solutions (Scrip Code: 544600) are listed effective 10 November 2025 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. At 09:07 IST, the pre-open indicative price of the stock was at a premium of 1.99% to the IPO price of Rs 402. Powered by Capital Market - Live