Lenskart Solutions shares jump 7% after Q1 results; Jefferies, Goldman Sachs, 3 others raise target price
Lenskart Share Price: Lenskart shares rose after Q1 FY27 profit surged 182% YoY to Rs 228 crore, while revenue grew 34% and EBITDA jumped 61%. Margins also improved sharply, with product margin crossing 70%. Jefferies, Morgan Stanley and Goldman Sachs remain positive, citing strong growth, margin expansion and premiumisation, with target prices implying up to 22% upside.
Lenskart Solutions shares surged 7% after the eyecare services provider unveiled impressive Q1 results on Thursday. The company reported a staggering 182.3% year-on-year jump in net profit to Rs 228 crore, while revenue from operations grew by 33.6% YoY to Rs 2,214 crore. EBITDA also increased by 61.3% YoY to Rs 589 crore. Growth was broad-based, with India's revenue rising 30.7% YoY and international revenue increasing by 38%.
The company's product margin crossed the 70% mark for the first time at 70.3% in Q1 FY27, while EBITDA margin improved to 21.7% from 18.0%.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
