EBITDA surged 84% year-on-year to ₹538.4 crore from ₹293 crore, while EBITDA margin improved sharply to 21.4% from 16.9% in the corresponding quarter last year.
However, net profit declined 8.6% year-on-year to ₹200 crore from ₹218.8 crore.Following the earnings announcement, shares of Lenskart fell to an intraday low of ₹480.50 on the NSE, down 2.7% from the day’s high of ₹494.
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The results indicate continued operational strength for the eyewear retailer, with margins improving significantly despite pressure on the bottom line.
Lenskart operates one of India’s largest omnichannel eyewear platforms, selling prescription glasses, sunglasses and contact lenses through its online platform as well as a large network of retail stores across India and overseas markets.
