Lenskart Q3 FY26 revenue reached Rs 2,308 crore (+37.4% YoY). EBITDA margin expanded to 20.0% from 14.5% a year ago. The company conducted 6.3 million eye tests (+54% YoY), sold 8.9 million eyewear units (+30% YoY), and added 195 net new stores. Total store footprint stands at 3,144 globally.
Q3 FY26 EBITDA hit Rs 462 crore (+90.6% YoY) with a 20.0% margin, up from 14.5% a year ago. India segment margin expanded to 13.9% (9M FY26) from 9.8% in FY25. PAT turned strongly positive at Rs 133 crore (+237.9% YoY) with 5.8% net margin. The 9M FY26 PAT stands at Rs 326 crore vs Rs 137 crore in 9M FY25.
Lenskart added 195 net new stores in Q3 alone (+141% YoY), bringing the 9M FY26 total to 420 net additions (+118% YoY). India reached 2,439 stores with the international network at 705. The company operates across Metros (1,006 stores), Tier 1 (571), and Tier 2+ (862) cities in India. India SSSG came in at 27.8% for Q3.
Eye tests surged 53.8% YoY, reaching 17.0 Mn for 9M FY26 (+49.3% YoY). This top-of-funnel metric drives store traffic and conversion. Active Gold members stand at 8.1 Mn, and app downloads crossed 100 Mn.
India segment EBITDA margin expanded from 0.3% in FY23 to 13.9% in 9M FY26. International margins also turned positive, moving from -4.3% in FY23 to 6.1%. Both segments showing operating leverage from scale.
Meller (Europe) grew 42% YoY in 9M FY26. The international segment reached 705 stores with positive EBITDA margins of 6.1%. Product margin at 75.7% internationally vs 63.5% in India, reflecting premium positioning abroad.
Q3 marks a milestone quarter for Lenskart: the first time EBITDA margin crossed 20%, PAT grew 238% YoY, and the company added nearly 200 stores in a single quarter. With 8.1 Mn Gold members, 100M+ app downloads, and an NPS of 80.9, the flywheel of eye tests driving store traffic driving unit economics is firing on all cylinders. The key question for FY27 is whether this trajectory can sustain as the base grows and international expansion accelerates.
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