Zoom is up 13% at Lenskart Solutions following a strong Q3 performance. Do you want to hold, sell, or buy?

Lenskart Solutions shares jumped up to 13% to Rs 526 on the BSE on Thursday after the eyewear company reported very strong results for the December quarter (Q3FY26). The sharp rise came after the company announced a huge increase in profit and solid revenue growth.

Lenskart posted a consolidated net profit of Rs 131.02 crore for the quarter, compared to just Rs 1.85 crore in the same period last year — a nearly 70-times increase. This profit is attributable to the owners of the holding company.

Revenue from operations rose 38% year-on-year to Rs 2,308 crore, up from Rs 1,669 crore last year. The company said growth was mainly driven by higher sales volumes and new customer additions. India business grew 40.4%, while international revenue increased 33%.

This is Lenskart’s second earnings report since it was listed on the stock market in November 2025.

Brokerage Views

Several brokerages remain positive on the stock after the results:

• Jefferies kept a Buy rating and raised its target price to Rs 575. It said the quarter showed strong growth and margin improvement in both India and international markets. It added that management is focused on long-term growth, with profits expected to improve further as the company scales.

• JM Financial also maintained a Buy call and raised its target to Rs 565. It highlighted 28% same-store sales growth in India and said expansion is being driven by higher customer volumes and increased eye testing.

• Citi kept a Neutral rating with a target of Rs 520. It noted strong revenue and margin improvement but said much of the growth is already reflected in the stock price. It also advised watching Q4 growth trends due to earlier GST-related demand shifts and currency benefits in overseas revenue.

Management Commentary

Founder and CEO Peyush Bansal said the company is now entering a “compounding phase,” where higher revenue is increasingly converting into profit through operating leverage rather than cost cutting.

He told analysts that the latest quarter confirms this trend and shows improving profitability as the business scales.

Operational Highlights

• Eye tests conducted: 63 lakh (up 54% YoY)

• Eyewear units sold: 89 lakh (up 30% YoY)

• New stores added in Q3FY26: 195

  • India: 169

  • International: 26

So far in FY26, the company has added 420 net new stores, compared with 193 in the same period last year. Revenue per new India store has also improved steadily, showing better performance and demand, especially in Tier-2 and smaller cities.

In the previous trading session, Lenskart shares had closed at Rs 467.60 on the NSE, down 1.65%.