India's Lenskart up after Q2 profit rise in first earnings since listing

Lenskart Solutions

01/12/2025 04:15

** Shares of Lenskart Solution LENS.NS rise 4.4% to 428. 50 rupees after first earnings since listing

** Eyewear retailer posts ~20% increase in Q2 net profit y/y, consol rev from ops up 21%

** LEN's same stores sales stood at ~15% in Q2 and H1, in line with FY25 trends, and ~20% growth in same-pincode sales indicating market share gains in micro-markets

** Says, customers deferred purchases in September due to GST rate cuts but trend will strengthen in 3Q FY26, store adds should be 450+ in India

** Jefferies retains "Buy" and its estimates, with PT of 500 rupees

** Notes massive store potential in India and calibrated global expansion reinforces that it is still day zero for LENS

** LENS up 6.3% since Nov. 10 listing

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))