Goldman Sachs
May 21, 2026
Lenskart Solutions Ltd. 4QFY26 Results Update
Single Stock ReportEquitiesConsumer Discretionary
Lenskart delivered a significant beat in 4QFY26 with 45.6% revenue growth and margin expansion, supported by robust demand in India and profitable international scaling.
Key Takeaways
- 1.Lenskart reported a 45.6% YoY growth in 4QFY26 consolidated revenue, significantly beating Goldman Sachs estimates.
- 2.The India business showed strong compounding with 44.1% YoY revenue growth and 24.2% Same Store Sales Growth (SSSG).
- 3.International operations have reached a profitable inflection point, with a pre-Ind AS 116 EBITDA margin of 9.2% in 4QFY26.
Table of Contents
- Lenskart Solutions Ltd. (LENS.BO)
- Key Data
- GS Forecast
- Ratios & Valuation
- Growth & Margins (%)
- Balance Sheet (Rs mn)
- Cash Flow (Rs mn)
- Lenskart Solutions Ltd. — Investment Thesis
- Lenskart Solutions Ltd. — Price Target Risks and Methodology
- Disclosure Appendix
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Authors
Arnab MitraAalokita AshSaurabh Kundan
Securities
LENS.BO
Themes
Vertical IntegrationRetail DensificationInternational Profitable Scale-up
Regions
Asia PacificMiddle EastIndiaJapanSingapore
