On February 12, 2026, shares of Lenskart Solutions Ltd exploded in early trade, surging over 14% to hit an all-time high of ₹526.35 on the BSE. This massive breakout follows a “turning point” Q3 FY26 earnings report where the eyewear unicorn posted a consolidated net profit of ₹131.03 Crore, marking a staggering 7,000% YoY jump from just ₹1.85 Crore.
The rally has added significant momentum to the stock, which has gained nearly 30% since its blockbuster listing in November 2025. Investors are aggressively pricing in the company’s transition into a high-margin “Compounding Phase,” supported by explosive volume growth and a strategic pivot into wearable AI technology.
Why is Lenskart stock rising today?
The primary driver is the massive expansion in EBITDA Margins, which expanded from 12.7% to 20.0% in a single year. This was not achieved through cost-cutting, but through structural operating leverage. As the company scales, its fixed investments in automated manufacturing and supply chains are delivering higher profits on every new frame sold.
Market buzz is also high following CEO Peyush Bansal’s announcement of the ‘B smart glasses’ soft launch. Powered by the Qualcomm AR1 chip and Google Gemini Live, these glasses move Lenskart beyond retail into “deep-tech,” offering health tracking and UPI payment capabilities directly through eyewear.
Q3 FY26 Financial Performance (Consolidated)
| Key Metric | Q3 FY26 (Actual) | Q3 FY25 (YoY) | Growth (%) |
| Total Revenue | ₹2,308 Cr | ₹1,669 Cr | 38.3% ↑ |
| Net Profit (PAT) | ₹131.0 Cr | ₹1.85 Cr | 6,983% ↑ |
| Eye Tests Done | 6.3 Million | 4.1 Million | 54% ↑ |
The “Analyst Consensus” on Lenskart
Top institutional firms have turned “Ultra-Bullish” as Lenskart proves its ability to grow the overall market rather than just taking share.
- JM Financial: Retained a ‘Buy’ rating and raised the target price to ₹565, citing that 49% of eye tests this quarter were for first-time exam takers.
- Domestic Brokerage View: Analysts highlight the 28% Same-Store Sales Growth (SSSG), proving that existing stores are becoming more productive despite rapid new openings.
- Institutional Demand: Foreign investors are cheering the International Segment turning profitable, contributing ₹32.5 Crore to the PBT this quarter.
Also Read: Eicher Motors Share Price Hits Record High: Why Q3 Profits Surged 21%
The Bottom Line
Lenskart is currently the “Poster Child” for profitable Indian unicorns. With 8.1 Million Gold Members and a clear path to 100 Million ARR in AI-driven revenue, the stock is shedding its “expensive” label to become a core retail portfolio holding.
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