11 Jun , 2026 By : Debdeep Gupta
Shares of Lenskart Solutions Ltd were in focus on Thursday after 4 crore shares, representing about 2.3 percent equity, were sold in a block deal valued at about Rs 1,960 crore. The transaction was executed at Rs 490 per share, representing a discount of about 2.1 percent to the previous closing price.
While the buyers and sellers were not immediately known, CNBC-TV18 had reported on Wednesday that Platinum Jasmine A 2018 Trust was likely to sell a 2.3 percent stake in the company through a block deal at a floor price of Rs 486 per share. Following the stake sale, the seller's remaining holding will be subject to a 90-day lock-up period, according to the report.
Lenskart stock ended Wednesday's session 0.58 percent lower at Rs 500.50, valuing the company at more than Rs 87,000 crore. The stock has gained around 24.5 percent from its IPO issue price of Rs 402. Lenskart was listed on the stock exchanges in November 2025.
The block deal comes days after brokerage Macquarie reiterated its "Outperform" rating on the stock and raised its target price to Rs 600 per share from [previous target price], citing sustained growth momentum and improving profitability. The revised target implies an upside of about 19 percent from Wednesday's closing price.
Macquarie said growth tailwinds seen over the last two quarters appear sustainable and projected an EBITDA compound annual growth rate of more than 35 percent between FY26 and FY29. The brokerage also highlighted the company's international business as a key growth driver, noting that overseas operations are demonstrating strong sales growth and margin potential.
For the quarter ended March 2026, Lenskart reported an 8.6 percent year-on-year decline in net profit to Rs 200 crore from Rs 218.8 crore a year earlier. Revenue rose 45.6 percent to Rs 2,515.7 crore from Rs 1,727.5 crore, while EBITDA surged 84 percent to Rs 538.4 crore. EBITDA margin expanded to 21.4 percent from 16.9 percent in the corresponding quarter last year.
Lenskart operates an omnichannel eyewear platform offering prescription glasses, sunglasses and contact lenses through its online platform and retail store network across India and international markets.
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