Synopsis: Shares of Lenskart Solutions Limited came under pressure during trading on June 4, 2026, after a major stake sale by one of its early investors, SoftBank. The stock declined more than 2% during the session, touching an intraday low of Rs. 505, as investors reacted to a large block deal involving 5.65 crore shares worth approximately Rs. 2,873 crore.
The transaction was executed by SoftBank affiliate SVF II Lightbulb (Cayman), which sold the shares at a fixed price of Rs. 508.55 apiece. While such large stake sales often create short-term pressure on share prices, the deal attracted strong participation from both global and domestic institutional investors, highlighting continued confidence in Lenskart’s long-term growth prospects.
Shares of Lenskart Solutions Ltd, with a market capitalization of Rs. 89,370.24 crore, are trading at Rs. 514.25, down 0.37% from their previous closing price of Rs. 516.15. The stock touched an intraday high of Rs. 518.10 and a low of Rs. 510.50. It is currently trading about 8% below its 52-week high of Rs. 557.65.
Several prominent investment firms reportedly participated in the transaction, including funds managed by Goldman Sachs and Fidelity. Domestic institutions such as ICICI Prudential Mutual Fund, Kotak Mutual Fund, Mirae Asset Mutual Fund, Quant Mutual Fund, HDFC Life Insurance, and ICICI Prudential Life Insurance were also among the key buyers. The strong demand helped absorb the entire share sale smoothly despite its sizable value.
The block deal comes shortly after Lenskart reported its financial results for the fourth quarter and full year FY26. For the quarter ended March 2026, the company delivered strong revenue growth, with revenue from operations rising 46% year-on-year to Rs. 2,516 crore. However, net profit declined modestly by 9% to Rs. 204 crore as the company continued to invest heavily in store expansion, technology infrastructure, and market growth initiatives.
Despite a modest decline in quarterly profit, Lenskart delivered a strong full-year performance in FY26. Consolidated revenue rose 32.5% year-on-year to Rs. 8,814 crore, driven by continued growth across its omnichannel eyewear business and expanding presence in domestic and international markets. Operating performance improved sharply, with EBITDA surging nearly 79% to Rs. 1,749 crore and operating margins expanding to 20% from 15% a year earlier. Net profit jumped 69% to Rs. 501 crore, reflecting improved operating leverage, higher efficiency, and sustained business scale-up.
Market participants have also taken note of the company’s improving financial profile and growth outlook. Recently, brokerage firm Elara Capital initiated coverage on Lenskart with a “Buy” rating and a target price of Rs. 615 per share. The brokerage cited the company’s vertically integrated business model, which spans eye testing, manufacturing, supply chain management, and retail distribution, as a key competitive advantage.
According to the brokerage, Lenskart has some of the strongest unit economics in India’s retail sector, supported by high revenue productivity, healthy gross margins, and relatively quick store payback periods. Analysts expect the company to maintain strong growth momentum over the coming years as it expands its store network and strengthens its presence across international markets.
Company Overview
Founded in 2010 by entrepreneur Peyush Bansal, Lenskart has grown from an online eyewear startup into one of the largest omnichannel eyewear retailers in Asia. The company offers prescription eyewear, contact lenses, and sunglasses through a combination of digital platforms and physical stores across India, Southeast Asia, and the Middle East. Its technology-driven approach and integrated supply chain have helped establish it as a leading player in the rapidly growing eyewear market.
While SoftBank’s stake sale created short-term pressure on the stock, the strong institutional demand for the block deal and the company’s solid FY26 financial performance suggest that investor confidence in Lenskart’s long-term growth story remains intact. Going forward, investors will closely monitor profitability trends, store expansion progress, and the company’s ability to sustain high growth while maintaining margins.
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