Lenskart Shares in Focus as SoftBank Likely Divests Stake Amid Profit Surge and Margin Expansion Rally

Lenskart Shares in Focus as SoftBank Likely Divests Stake Amid Profit Surge and Margin Expansion Rally​

Shares of India’s leading eyewear company, Lenskart Solutions, are set to be a key focus ahead of the Monday trading session following reports of a major block deal. Sources indicate that SoftBank Vision Fund (SVF) II Lightbulb Cayman is likely to sell up to a 2.6% stake in the company for approximately $300 million.

The proposed floor price for this significant transaction has been set at Rs 635 per share, which reflects a 4% discount against the stock’s previous closing rate of Rs 661.4. Any residual stake sold by the selling shareholder will be subject to a mandatory 45-day lock-up period, according to one report.

SoftBank Stake Sale Details and Shareholding Structure​

As of the conclusion of the June quarter, promoter entities held an 18% stake in Lenskart Solutions. The public shareholders hold the remaining 82% stake. SVF II Lightbulb (Cayman) Ltd previously held a substantial 9.86% stake in the company, which is now subject to potential divestment.

This institutional interest and subsequent sale are occurring against a backdrop of stellar operational performance by the fast-growing eyecare services provider. The market closely watches how this major investment move will impact investor sentiment surrounding Lenskart Solutions.

Q1 FY27 Financial Performance Drives Margin Expansion​

Lenskart Solutions reported impressive results for the first quarter of FY27, marked by strong growth across key metrics. Net profit surged by 182.3% year-on-year (YoY), reaching Rs 228 crore. Revenue from operations also climbed 33.6% YoY to Rs 2,214 crore.

The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) saw a robust rise of 61.3% YoY, amounting to Rs 589 crore. Lenskart noted that this growth was broadly distributed, with international revenue increasing by 38%, while domestic revenue grew 30.7% YoY.

Operational Margins and Growth Vectors​

Consolidated product margin reached 70.3% in Q1 FY27, crossing the 70% mark for the first time, compared to 68.7% in the prior year. The EBITDA margin also improved significantly to 21.7%, up from 18.0%.

The company’s international operations maintained a strong profitability margin at 21.9%, while India operations recorded an EBITDA margin of 21.4%. Jefferies noted that this strengthens Lenskart’s story, believing improving margins in the international business are key for investors.

Analyst Ratings Point to Continued Outperformance​

Global brokerage firms have largely maintained a positive view, citing strong growth and strategic advantages. Jefferies reiterated a Buy rating, raising its target price from Rs 600 to Rs 680. The firm highlighted that market creation is a priority in India, noting the company’s focus on premiumisation and its fully loaded Rs 500 product offering.

Morgan Stanley maintains an Overweight rating with a target price of Rs 666, attributing the strength to the international business performance. Goldman Sachs assigned an Accumulate rating and increased its target price to Rs 715. The brokerage specifically highlighted premiumisation as a new vector for growth in Lenskart’s operations.