Lenskart Shares Fall 2% After ₹2,468 Crore Block Deal
Shares of eyewear retailer Lenskart Solutions slipped more than 2% in early trading on Monday after a significant block deal worth Rs 2,468 crore was executed in the company’s stock. Around 3.6 crore shares, representing 2.07% of Lenskart’s total equity, were exchanged at Rs 688 per share. According to a report by Moneycontrol, Lenskart shares have delivered strong returns in 2026, rising 57.5%…
Lenskart Solutions' shares dropped over 2% in early trading on Monday following a substantial block deal amounting to ₹2,468 crore in the company's stock. Approximately 3.6 crore shares, constituting 2.07% of Lenskart’s total equity, were traded at ₹688 each. Despite this decline, Lenskart shares have shown impressive returns in 2026, increasing by 57.5% compared to a 10.7% fall in the Nifty 50 index.
The company's market capitalization reached nearly ₹1.2 lakh crore. The block deal was executed under the condition of a 90-day lock-in period.
The transaction was initially anticipated to involve a stake sale of ₹2,047.4 crore by Platinum Jasmine A 2018 Trust, representing about 1.7% of the company's equity at a floor price of ₹682.45 per share. However, the actual deal exceeded expectations, with shares trading at ₹688, 3.5% lower than Lenskart’s previous closing price.
This significant share exchange follows several large-scale share transactions in August, including Alpha Wave Ventures selling 2.95 crore shares worth ₹1,857 crore and SVF II Lightbulb selling 4.5 crore shares valued at ₹2,887.9 crore.
Lenskart reported strong financial performance for the first quarter of FY27, with net profit soaring to ₹222 crore from ₹60 crore in the same period last year. Revenue surged by 43.3% year-on-year to ₹2,714.2 crore, while EBITDA grew by 75.1% to ₹588.5 crore. The EBITDA margin expanded to 21.7% from 17.7% a year earlier. Additionally, the company's PAT margin improved to 8.4%, and its consolidated product margin crossed the 70% mark for the first time, reaching 70.3% during the quarter.
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