After years of heavy capex weighing on margins, Lenskart’s Q3 FY26 marks a structural shift — PAT surged 70X YoY as scale, better cost absorption, and improving product margins began translating into meaningful profitability
Rapid store additions, especially in tier II markets, are driving volume growth without diluting economics. New stores are delivering higher revenues, faster payback, and improved throughput
Premiumisation (Gold membership), vertical integration, and in-house manufacturing are structurally lifting…

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