Lenskart Reports Strong FY26 Results and Expands OWNDAYS Holding

Lenskart Solutions Ltd. has announced its audited financial results for the fiscal year ending March 31, 2026. The company achieved consolidated revenue of ₹88,140.40 million and a consolidated profit after tax of ₹5,009.50 million.

Standalone figures for the same period showed revenue of ₹52,478.35 million with a profit after tax of ₹4,758.84 million.

Strategic Acquisitions and Mergers

In parallel with its financial reporting, Lenskart's board approved the acquisition of an additional 1% stake in its subsidiary, OWNDAYS Inc. This move will increase Lenskart's total ownership in the Japanese eyewear retailer to 97.67%.

Furthermore, the company received in-principle approval for a merger involving two of its wholly-owned subsidiaries. Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited are set to merge into Lenskart Solutions.

Impact of the Moves

The strong financial performance highlights Lenskart's continued growth trajectory and profitability. The increased stake in OWNDAYS Inc. aims to deepen strategic integration and control over international operations, potentially unlocking further synergistic benefits.

The proposed merger of subsidiaries is intended to streamline operations, reduce costs, and enhance overall group efficiency by simplifying the corporate structure.

Behind the Decisions

Lenskart has pursued an aggressive growth strategy, expanding its market presence both domestically and internationally. The earlier acquisition of OWNDAYS Inc. was a key step in strengthening its global footprint in the competitive eyewear market. These recent decisions align with the company's ongoing focus on optimizing its corporate structure to support sustained expansion.

Future Outlook and Potential Hurdles

Once completed, the subsidiary merger is expected to lead to cost savings and improved administrative processes. The increased OWNDAYS stake will further consolidate Lenskart's strategic direction over the retailer.

While the filing did not detail explicit risks, the merger process requires various statutory, regulatory, shareholder, and National Company Law Tribunal (NCLT) approvals. These approvals could potentially cause delays or complications.

The acquisition of the additional OWNDAYS stake is also contingent upon the execution of a Share Purchase Agreement (SPA) and subsequent regulatory filings.

Key Metrics

• Consolidated Revenue (FY2026): ₹88,140.40 million
• Consolidated Profit After Tax (FY2026): ₹5,009.50 million
• Standalone Revenue (FY2026): ₹52,478.35 million
• Standalone Profit After Tax (FY2026): ₹4,758.84 million
• OWNDAYS Inc. Holding Post-Acquisition: 97.67%

What Investors Are Watching

Investors will closely monitor the successful completion of the OWNDAYS share acquisition, anticipated within the next 1-2 months. Progress on the subsidiary merger, including securing all necessary regulatory and NCLT approvals, will also be a key focus.