Lenskart Second Quarter Profit Doubles on Strong Demand
Indian eyewear retailer Lenskart Solutions reported that its second quarter net profit more than doubled to 2.27 billion rupees. Revenue from operations jumped nearly 36 percent driven by higher domestic sales and new store additions.
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LENSKART SOLUTIONS LTD posted a net profit of 2.27 billion rupees ($23.97 million) for the quarter ended September, more than doubling from a year earlier. The surge was driven by rising eye tests and new store openings across India and international markets. The strong quarterly performance highlights surging domestic demand for prescription eyewear and contact lenses.
