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Lenskart Share Price Target After Q3 Results: Lenskart Solutions shares are in uptrend today after strong Q3 results wherein the company reported multifold jump in its consolidated profit. Lenskart shares opened gap up with a gain of 1.3 per cent at Rs 516.10 on NSE against the previous close of Rs 467.60. The counter extended the opening gains and went on to hit a record high of Rs 527.30, up 12.77 per cent.
Around 11:30 AM, Lenskart shares traded firmly in the green to quote 8 per cent higher at Rs 504 apiece.
Trading activity witnessed a sharp uptick, with around 2.46 crore shares of the company changing hands on NSE around the same time versus the previous session's total traded quantity of 16.18 lakh shares.
On the BSE, Lenskart shares traded 8.3 per cent higher at Rs 505.30 with spurt in volume by more than 29.26 times.
Earlier on Wednesday, eyewear firm Lenskart posted a multifold jump in consolidated profit after tax to Rs 132.7 crore in Q3FY26. The growth was driven by surge in margin, new customer addition and positive returns from international business.
The company had posted a profit after tax of Rs 1.8 crore in the same period a year ago.
The revenue from operations of Lenskart increased 38 per cent to Rs 2,308 crore during the reported quarter from Rs 1,669 crore in the December 2024 quarter.
Lenskart said it has conducted over 60 lakh eye tests during the reported quarter of which almost half were the first-time exams.
Post quarterly results, JM Financial has reiterated its BUY recommendation on Lenskart and raised its target price to Rs 565.
It said that Lenskart has delivered a robust performance in Q3. It said that the revenue grew by 38 per cent, driven by 40 pr cent growth in India and 33 per cent growth in international markets. The same-store sales growth (SSSG) stood at 28 per cent in India.
The management, it said, has highlighted that growth was largely volume-driven, supported by a sharp rise in eye testing. This helped the company to expand its customer base and overall market size.
Also, store expansion remained strong, with 372 and 48 stores added YTD in India and international markets, respectively, without cannibalising existing clusters.
Lenskart Gets Rs 520 Target From Citi
Citi has maintained a Neutral rating on Lenskart after Q3 results and set a target of Rs 520. It said that revenue growth was strong at 38 per cent.
Its same-store growth for India business improved to 28 per cent from 15 per cent in 1HFY26, supported by strong expansion in eye testing volumes.
Jefferies has maintained BUY rating on Lenskart and raised its target price to Rs 575. It said that Q3 was an exceptional quarter for company, marked by strong growth and disciplined margin expansion across both India and international markets. The management commentary remained encouraging, emphasising a clear focus on long-term growth rather than short-term margin maximisation.
This was Lenskart’s second earnings results since its listing on 10 November 2025. Lenskart had issued its shares at Rs 402 in the primary market.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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