Lenskart Solutions is navigating a period of rapid expansion as it scales its AI-first eyewear model across India and international markets like Singapore and the Middle East. Investors are looking for clarity on how the company manages margin pressure from currency volatility while maintaining its aggressive store-opening pace in the first quarter of FY27.
| Results date | August 12, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,516 Cr |
| Previous quarter PAT | Rs. 204 Cr |
| Previous quarter EBITDA margin | 21.3% |
| Market cap | Rs. 99,054.91 Cr |
| CMP | Rs. 569.7 |
The board meeting is scheduled for August 12, 2026, to approve the unaudited Q1 FY27 financial results.
The earnings call is scheduled for August 12, 2026, at 5:30 PM IST to discuss the Q1 FY27 results.
Lenskart's revenue growth is expected to remain ahead of the broader retail market, though it may moderate from the 45.6% YoY peak seen in Q4 FY26 due to seasonal factors and a higher base. The company's pre-Ind AS EBITDA margin, which stood at 12.8% in Q4, faces potential sequential compression this quarter due to rupee depreciation and seasonally higher promotional intensity. Management continues to prioritise growth, targeting approximately 600 net new global store additions for FY27, while leveraging structural pillars like vertical integration and international expansion to drive long-term value. The upcoming call will likely focus on the impact of currency headwinds on import costs and the progress of manufacturing initiatives like the Hyderabad plant and the Thailand JV.
Performance vs Guidance Tracking: Tracking progress against the FY27 store expansion goal.
Store additions trajectory: Monitoring the pace of expansion in the seasonally softer first quarter.
Margin progression and currency impact: Evaluating the impact of external variables on operating profitability.
Strategic manufacturing and supply chain: Updates on infrastructure projects aimed at reducing import dependence.
International and AI initiatives: Assessing the growth of international operations and new technology rollouts.
Management views currency as the biggest variable but notes that 42% of revenue comes from international operations, providing a natural hedge. Additionally, structural moves like the Hyderabad manufacturing plant and the Thailand JV are designed to reduce import dependence over time.
International business is tracking ahead of India's historical margin curve, with international pre-Ind AS EBITDA margins at 9.2% in Q4 FY26 compared to a 7% full-year average. Management sees significant scope for further margin expansion as international markets mature toward the Singapore and UAE playbook.
While Lenskart exited Q4 FY26 with 45.6% YoY revenue growth, management emphasizes that volume growth is the cleanest metric to track. The company continues to outpace the broader eyewear market, with 47% of new customers shifting from the unorganized sector.
Yes, the company is on track with its FY27 guidance of approximately 600 net new global store additions. This follows a strong FY26 where the company achieved 542 net new store additions in India, exceeding its initial guidance of 450.
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