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Lenskart Solutions will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Lenskart Solutions announced that the 18th Annual General Meeting(AGM) of the company will be held on 19 August 2026.

The board of Lenskart Solutions at its meeting held on 02 July 2026 has approved the incorporation of a joint venture company in India with Mingfeng Glassesworld, China (MGL), pursuant to a strategic partnership between the parties. The proposed joint venture will be engaged in the business of manufacturing metal spectacle frames in India with the objective of strengthening the Company`s manufacturing capabilities, enhancing supply chain efficiencies, promoting localisation of manufacturing and reducing dependence on imports of metal frames.

The board of Lenskart Solutions at its meeting held on 02 July 2026 has approved the scheme of amalgamation  of Dealskart Online Services (Transferor Company No. 1) and Lenskart Eyetech (Transferor Company No. 2), wholly-owned subsidiaries of the Company, with and into Lenskart Solutions (Transferee Company) and their respective shareholders and creditors.

Net profit of Lenskart Solutions declined 8.50% to Rs 200.29 crore in the quarter ended March 2026 as against Rs 218.89 crore during the previous quarter ended March 2025. Sales rose 45.62% to Rs 2515.71 crore in the quarter ended March 2026 as against Rs 1727.57 crore during the previous quarter ended March 2025.For the full year,net profit rose 66.99% to Rs 493.61 crore in the year ended March 2026 as against Rs 295.59 crore during the previous year ended March 2025. Sales rose 32.49% to Rs 8814.04 crore in the year ended March 2026 as against Rs 6652.52 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2515.711727.57 46 8814.046652.52 32 OPM %21.3116.89 -19.8414.60 - PBDT541.71455.93 19 1744.421181.93 48 PBT254.19240.79 6 696.04385.36 81 NP200.29218.89 -8 493.61295.59 67 Powered by Capital Market - Live News