Lenskart Solutions IPO

Established in 2008, Lenskart Solutions Ltd. is a technology-driven eyewear company engaged in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories. India is its primary market, and according to the Redseer Report, Lenskart sold the highest volume of prescription eyeglasses in the country during FY 2025. Operating under a direct-to-consumer model, the company offers a diverse range of eyewear under its own brands and sub-brands, catering to all age groups and price ranges. In FY 2025, it launched 105 new collections, including collaborations with well-known brands and personalities.

As of March 31, 2025, Lenskart operated 2,723 stores globally, including 2,067 in India and 656 overseas, with 1,757 owned and 310 franchised outlets in India. It provides remote eye testing services through 136 optometrists at 168 stores across India and select international locations such as Japan and Thailand. The company’s manufacturing facilities are based in Bhiwadi and Gurugram, supported by regional hubs in Singapore and the UAE, enabling next-day delivery in 40 Indian cities and 3-day delivery in 69 cities. Lenskart reported strong financial growth with revenues of ₹37,880.28 million in FY 2023, ₹54,277.03 million in FY 2024, and ₹66,525.17 million in FY 2025. Its apps have over 100 million downloads, supported by a 532-member technology team driving innovation and customer experience.

Lenskart Solutions IPO Strengths

• Lenskart operates over 2,500 stores in India and abroad, integrating online and offline channels for a seamless shopping experience.
• The company posted a profit of ₹297 crore in FY25 after a previous loss, with revenue growing 22% year-on-year to ₹6,625 crore.
• The firm manages design, manufacturing, and sales, helping optimize costs, control quality, and scale products rapidly.
• The company ranks as India’s largest eyewear retailer, commanding high market share and consumer recall.
• Digital initiatives like virtual try-ons, automated recommendations, and cloud infrastructure enhance customer engagement.
• Multiple suppliers and a wide distribution footprint provide resilience to supply chain disruptions.

Lenskart Solutions IPO Risks

• Lenskart faces intense competition from other optical retailers, e-commerce platforms, and new entrants.
• Heavy dependence on Indian urban consumers could expose the company to downturns in domestic discretionary spending.
• Increasing digital footprint heightens vulnerability to system failures and cyber breaches.
• Rapid expansion and product diversity may strain inventory management and working capital efficiency.
• Eyewear preferences change with fashion, meaning product innovation and relevance are crucial.
• New health-related, import, or consumer protection regulations could affect costs and operations.