Lenskart Solutions Ltd Share Price – NSE  / BSE

FMCG, Mid Cap

The board of Lenskart Solutions at its meeting held on 02 July 2026 has approved the incorporation of a joint venture company in India with Mingfeng Glassesworld, China (MGL), pursuant to a strategic partnership between the parties.

The proposed joint venture will be engaged in the business of manufacturing metal spectacle frames in India with the objective of strengthening the Company's manufacturing capabilities, enhancing supply chain efficiencies, promoting localisation of manufacturing and reducing dependence on imports of metal frames.

The board of Lenskart Solutions at its meeting held on 02 July 2026 has approved the scheme of amalgamation  of Dealskart Online Services (Transferor Company No. 1) and Lenskart Eyetech (Transferor Company No. 2), wholly-owned subsidiaries of the Company, with and into Lenskart Solutions (Transferee Company) and their respective shareholders and creditors.

In a regulatory filing made post market hours yesterday, the company stated that it has acquired an additional 3% stake in Quantduo Technologies. It had acquired an additional 4.65% stake in Quantduo on 16 March 2026.

The aggregate consideration paid for the acquisition of the remaining 7.65% shareholding was Rs 3.67 crore.

?Consequent to the aforesaid acquisitions, the aggregate shareholding of the company in Quantduo has increased from 92.35% to 100% of the fully diluted share capital of Quantduo and consequently, Quantduo has become a wholly-owned subsidiary of the company,? Lenskart Solutions said in a statement.

Quantduo is engaged in the business of providing advanced analytics solutions. The company had recorded turnover of Rs 10.019 crore in FY25-26.

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 had reported an 8.49% year-on-year decline in consolidated net profit to Rs 200.29 crore in Q4 FY26, compared with Rs 218.89 crore posted in the corresponding quarter last year. However, revenue from operations surged 46.62% YoY to Rs 2,515.71 crore in the quarter ended 31 March 2026.

The scrip shed 0.55% to end at Rs 500.65 on the BSE today.

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However, revenue from operations surged 46.62% YoY to Rs 2,515.71 crore in the quarter ended 31 March 2026.

Profit before tax (PBT) stood at Rs 254.19 crore in Q4 FY26, up 5.56% from Rs 240.79 crore recorded in Q4 FY25.

For the full financial year FY26, the company posted a 66.99% increase in consolidated net profit to Rs 493.61 crore, while revenue from operations rose 32.49% year-on-year to Rs 8,814.04 crore.

Meanwhile, the company?s board approved the acquisition of an additional 1% stake in Japan-based OWNDAYS Inc. through its wholly owned subsidiary, Lenskart Solutions Pte Limited, Singapore. The acquisition involves approximately 10,613 shares at a consideration of JPY 77,426.03 per share. The company said the acquisition aligns with its strategy to consolidate ownership in OWNDAYS and strengthen its position as the controlling shareholder. Following the transaction, the aggregate shareholding of the Lenskart group in OWNDAYS will increase to 97.67% on a fully diluted basis.

The board also approved an additional investment in Lenskart Solutions Pte Limited (LK Singapore) to support the company?s international business operations and capital requirements in Singapore. The investment pertains to around 138,005 shares at a consideration of SGD 289 per share. LK Singapore will continue to remain a wholly owned subsidiary of the company.

Further, the board granted in-principle approval for the merger of wholly owned subsidiaries Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited with Lenskart Solutions Limited, subject to regulatory, shareholder, and tribunal approvals. The proposed merger aims to simplify the group structure, reduce administrative costs, and create operational synergies. Dealskart Online Services provides manpower services, fixed asset leasing, and ancillary support for Lenskart?s retail operations, while Lenskart Eyetech offers training services to group personnel.

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

The counter slipped 1.23% to Rs 486.65 on the BSE.

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