What we do Lenskart Solutions Ltd designs, manufactures, and sells prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories through online and retail stores. |
Founded in 2,008 |
Market share Leading eyewear retailer in India with 2,067 stores and growing international presence across Southeast Asia, Japan, and the Middle East. |
Problem solved Provides affordable, quality eyewear and smart glasses with integrated audio, addressing vision and style needs. |
Top clients or who we serve Serves millions of retail consumers through online and offline channels in India and international markets (B2C). |
Key management - |
Our journey and innovations Started online in 2010, first store in 2013, expanded internationally from 2019, acquired Owndays in 2022, launched audio-enabled smart glasses 'Phonic' in 2024. |
Where we operate India, Singapore, Southeast Asia, Japan, Middle East with 1,757 owned and 310 franchise stores in India. |
Top products or what we offer Prescription eyeglasses, sunglasses, contact lenses, eyewear accessories, 'Phonic' audio smart glasses. |
Top brands Lenskart eyewear, Owndays brand in Japan and Southeast Asia, Phonic smart glasses (launched 2024). |
Raw materials needed Optical frames, lenses, electronic components for smart glasses. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely from retail sales; repeat purchases contribute to recurring revenue. |
Our industry position Market leader in Indian organized eyewear retail, expanding its footprint internationally. |
Financial highlights FY 2024-25 revenue ₹6652.52 Cr, net profit ₹295.59 Cr, robust growth with ongoing expansion. |
Geographical revenue split Approximately 96% revenue from India, 4% from other countries including Southeast Asia and Japan. |
Order book - |
Whats driving growth Retail expansion, international acquisitions, product innovation including smart glasses, increasing consumer demand. |
Our future plans Public listing in 2025, expand store network and product lines, capitalize on smart eyewear segment. |
Our green promise - |
Our people and values Strong focus on customer experience with a large dedicated workforce across manufacturing and retail. |
Key challenges ahead Competition from global eyewear brands, managing international growth, maintaining profitability post-IPO. |
Interesting facts Pioneer in India's online eyewear retailing; first to launch audio-enabled smart glasses in India. |
Risks and strategy Mitigates competition and market risks through innovation, brand expansion, and omnichannel presence. |
