Synopsis: Lenskart Solutions Limited after going through a phase where it faced criticism from the masses on its dress code for employees in April 2026, Lenskart Solutions Limited is still a powerhouse in the eyewear industry, valued at over Rs. 70,300 Crore. The “damage control” efforts spearheaded by the founder, Peyush Bansal, aimed at aligning the company’s culture of inclusivity with its aggressive international expansion goals.
After transitioning from a digital-only startup to a giant omnichannel retailer of eyewear in India, Lenskart Solutions Limited continues its growth trajectory, expanding its operations across international markets and completing a successful IPO in 2025. However, now the main priority for Lenskart is maintaining consumer confidence as the firm has recently faced a PR controversy around internal policies.
Currently, the stock trades at Rs. 530 with market capitalization of Rs. 91,144, marking a total decline of 4.8% today. It opened at Rs. 533.50 and experienced a volatile “V-shaped” recovery after hitting an intraday low of Rs. 508.90.
Lenskart has become an object of ridicule online after the leak of an internal document containing instructions about dress code in the company that allegedly bans workers from wearing items representing religions such as bindis or tilaks. Responding quickly to the situation, the CEO of the company Peyush Bansal has issued a statement that the document mentioned above is a two-month-old training guide and a “new Standardised Style Guide” allowing any symbols of faith, including hijabs, turbans, and mangalsutras.
Despite the ongoing scandal, Lenskart’s financial indicators are excellent. According to the recent financial report of the company, its net profit increased by a whopping 70x from last quarter’s figure of Rs.1 Crore to Rs.131 Crore, whereas revenue rose 38% to Rs. 2,308 Crore.
Moreover, during this quarter, the company opened 195 net new stores in total, expanding its global store network to more than 2,800. Financially, the company shows an impressive 20% EBITDA margin and Price-to-Earnings (P/E) ratio of 280, indicating its growth potential as an FMCG-styled tech stock.
Lenskart Solutions Limited’s recovery from an intraday low of Rs. 508.90 to a close of Rs. 530.25 suggests that the market is beginning to decouple the brand’s long-term value from short-term PR hurdles.
While the stock finished slightly lower than its previous close of Rs.5 34.55, the late-day surge indicates that the “buy on dips” strategy is prevalent among those focused on Lenskart’s 20% operating margins and aggressive store expansion. As the company moves toward the next quarter, the focus will likely return to its international scaling and its ability to maintain its Rs. 91,000+ Crore valuation in a competitive retail landscape.
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