Lenskart Share Price: Shares of Lenskart Solutions gained more than 8 per cent in intra-day trade on Monday, December 1, after the company reported strong July–September results and global brokerage Jefferies initiated coverage with a bullish outlook.
Lenskart posted a healthy Q2 performance, with net profit rising 19.7 per cent year-on-year to Rs 102.2 crore compared with Rs 85.4 crore a year ago, while profit jumped 70.3 per cent sequentially from Rs 60 crore in Q1. The company reported no exceptional losses in Q2, against Rs 10.4 crore of exceptional losses in the previous quarter.
Revenue grew 20.8 per cent year-on-year to Rs 2,096 crore, up from Rs 1,735.6 crore in Q2 FY25, and increased 10.6 per cent sequentially from Rs 1,894.4 crore, supported by improved demand across both online and offline channels.
Jefferies initiated coverage with a Buy rating and a target price of Rs 500. The brokerage said Q2 marks the beginning of Lenskart’s compounding phase driven by operating leverage from technology and supply chain improvements. It added that AI now plays a role across the organisation, with a smart eyewear launch expected soon.
Stock hits peak
In Monday’s session, the stock climbed as much as 8 per cent to an intra-day high of Rs 432.35 and later traded around Rs 442.80, up 7.88 per cent for the day. Lenskart, which listed on November 10, 2025 at Rs 395 per share — a 3 per cent discount to its issue price of Rs 403 — now trades more than 7 per cent above its issue price. The stock opened at Rs 428.00, hit a high of Rs 448.80, touched a low of Rs 417.05, with its 52-week range between Rs 356.10 and Rs 448.80.