{
  "id": 18263555,
  "title": "Lenskart Shares Jump 11% To All-Time High After Q2 Profit More Than Doubles",
  "url": "https://urgent.news/2026/11/05/lenskart-shares-jump-11-to-all-time-high-after-q2-profit-more-than",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T06:22:08.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/lenskart-shares-jump-11-to-all-time-high-after-q2-profit-more-than-doubles/"
  },
  "original_language": "en",
  "account": "Lenskart, an omnichannel eyewear retailer, experienced a significant surge in its stock price after reporting a substantial increase in its Q2 profit. The company's shares climbed as much as 11.1%, reaching an all-time high of ₹767.4 on the BSE. The stock opened 7.8% higher at ₹745.05, surpassing its previous closing price of ₹691 before settling at ₹733.55 by late morning trading. This positive movement propelled Lenskart's market capitalisation to ₹1,27,586.8 Cr, equivalent to approximately $13.5 billion.\n\nThe Q2 FY27 results, announced yesterday, indicated a remarkable 124.7% year-over-year increase in consolidated net profit, reaching ₹232.5 Cr. Concurrently, operating revenue expanded by 35.7% to ₹2,845 Cr. The improvement in profitability was attributed to revenue growth outpacing the increase in expenses. Analysts remain optimistic about the company's prospects, citing strong same-store sales growth in India, store additions, higher realizations, and the company's increasing in-house manufacturing capabilities.\n\nSeveral brokerages have maintained positive ratings on Lenskart, noting the company's strong performance in various aspects. Jefferies retained its 'Buy' rating and raised the price target to ₹780, citing continued growth and margin expansion. Equirus raised its target price to ₹874, expecting the company's revenue to grow at a compounded annual rate of 24% between FY26 and FY29. Nomura also maintained a 'Buy' rating, projecting a potential upside of 21.1% from the current share price.\n\nWhile most brokerages expressed confidence in Lenskart's future, Citi took a more cautious stance, retaining its 'Neutral' rating despite raising its target to ₹700 from ₹650. The brokerage acknowledged that operating leverage and in-house manufacturing should support gradual margin improvement, but noted that premium valuations and tougher comparisons in the second half could limit the scope for a valuation rerating.",
  "summary": "Shares of omnichannel eyewear retailer Lenskart surged as much as 11.1% to an all-time high of ₹767.4 on the BSE…",
  "key_points": [
    "Lenskart shares jump 11% to ₹767.4, all-time high",
    "Q2 FY27 profit more than doubles to ₹232.5 Cr",
    "Analysts optimistic about same-store sales and in-house manufacturing"
  ],
  "editors_take": "Scaling in-house manufacturing and expanding store footprints are transforming Lenskart into a high-margin powerhouse, attracting bullish analyst projections despite some concerns regarding its premium market valuation.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}