Lenskart Solutions Ltd Share Price – NSE  / BSE

FMCG, Small Cap

Stellio Ventures, S.L. (Stellio), a subsidiary of the Lenskart Solutions, has incorporated a wholly owned subsidiary namely Stellio Ventures UK (Stellio UK) in England and Wales, UK and accordingly, it has become a step-down subsidiary of the Company effective 05 January 2026.

Stellio UK is incorporated with the objective for sale of eyewear products and related accessories under the 'Meller' brand in the United Kingdom.

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The proposed entity will be named Stellio Ventures UK. The proposed entity is being incorporated with the objective of establishing and operating retail stores in the United Kingdom for the sale of eyewear products and related accessories under the ?Meller? brand.

Stellio will subscribe GBP 100 in Stellio Ventures UK and Lenskart Solutions will indirectly hold 84.21% of the equity in the proposed step-down subsidiary through Stellio.

Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. The company's consolidated net profit rose 19.60% to Rs 102.22 crore on a 20.77% increase in revenue to Rs 2096.15 crore in Q2 FY26 as compared with Q2 FY25.

The counter fell 0.62% to end at Rs 449.10 on the BSE.

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At an exchange rate of Rs 0.062 per Korean Won, the acquisition sum totals to Rs 18.6 crore.

iiNeer is a Korea-based startup, which is focused on developing technology-enabled eye-testing and lens-cutting equipment. It had recorded a turnover of 177.77 million Korean Won in the calendar year 2024.

This acquisition enables the company to build in-house optical hardware capabilities, specifically for manufacturing lens edging systems that include edgers, tracers, and blockers.

By investing in these proprietary core equipment capabilities, the company expects to enhance operating efficiencies and reduce long-term capital expenditure on equipment.

Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories.

The company's consolidated net profit rose 19.60% to Rs 102.22 crore on a 20.77% increase in revenue to Rs 2096.15 crore in Q2 FY26 as compared with Q2 FY25.

The scrip rose 0.87% to currently trade at Rs 455.85 on the BSE.

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The brokerage reportedly highlighted Lenskart?s vertically integrated supply chain and strong execution track record as key positives. Its end to end control over manufacturing, design and distribution is seen as a major advantage in India?s fragmented eyewear market, helping on costs, speed and efficiency.

The broker expects this positioning to drive strong medium term growth and margin expansion. Lenskart is projected to add 450 to 600 stores annually and deliver a sales CAGR of about 26% over FY25 to FY28. Operating EBITDA is expected to nearly triple over the same period, supported by operating leverage and higher in house manufacturing.

Faster margin expansion, improved international execution and quicker adoption of smart glasses were cited as key catalysts. With an estimated 5% share of the Indian eyewear market, well below levels seen for global category leaders, the brokerage sees significant headroom for growth, even as broader broker views remain mixed.

Established in 2008, Lenskart Solutions is a technology-led eyewear company involved in designing, manufacturing, branding and retailing prescription glasses, sunglasses, contact lenses and related accessories. India is its main market, and the company offers products across multiple price points and age groups. It operates in 14 countries, enabling cross-market design sharing and uniform brand positioning. Its portfolio includes in-house brands such as John Jacobs and Owndays in the premium segment, and Lenskart Air, Vincent Chase, Hustlr and Hooper Kids in the affordable and mid-range categories.

On a consolidated basis, Lenskart's revenue for the Q2 FY26 quarter stood at Rs 2,096.1 crore, rising 20.8% year-on-year (YoY). Profit after tax (PAT) came in at Rs 103.5 crore, up 19.9% YoY, while the PAT margin moderated slightly by 4 bps to 4.94% in Q2 FY26.

For FY26, the company is targeting 450+ net store additions--a 60% increase from the 282 stores added in FY25.

Lenskart Solutions debuted on the exchanges on 10 November 2025 at Rs 390, a 2.99% discount to the issue price of Rs 402. The initial public offering was subscribed 28.26 times. The bidding window was open from 31 October to 4 November 2025, with a price band of Rs 382 to Rs 402 per share.

At current levels, the stock is up 4.83% over its IPO price of Rs 402 and is up 8.05% from its listing price of Rs 390.

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