May 20: Lenskart, one of India’s leading eyewear retailers, reported a 9% drop in net profit for the fourth quarter, amounting to ₹200 crore compared to the same period last year.
The decline reflects continued pressures from rising operational costs and competitive market dynamics, even as the company maintained steady revenue growth across its online and offline channels.
Analysts noted that while Lenskart is expanding its store network and investing in technology-driven customer experiences, short-term profitability has been impacted by marketing spends, supply chain costs, and strategic investments aimed at long-term growth.
The company remains optimistic about future prospects, citing increasing eyewear demand, digital sales growth, and innovative product launches as key drivers for sustainable performance in upcoming quarters.