Shares of India’s largest eyewear company, Lenskart Solutions, will be in focus heading into trade on Monday after a block deal was launched in the company, according to multiple media reports.SoftBank Vision Fund (SVF) II Lightbulb Cayman is likely to sell up to a 2.6% stake in Lenskart Solutions for approximately $300 million, sources said.
SVF II Lightbulb (Cayman) Ltd held a 9.86% stake in the company, according to data available on the stock exchanges.Also read: Lenskart shares in focus as Goldman Sachs, Morgan Stanley, others purchase stake in Rs 1,960 crore block dealLenskart Q1 resultsEarlier this month, Lenskart Solutions reported a 182.3% year-on-year (YoY) increase in net profit to Rs 228 crore for the first quarter of FY27.
Revenue from operations grew 33.6% YoY to Rs 2,214 crore, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 61.3% YoY to Rs 589 crore.The eyecare services provider said growth was broad-based, with revenue from India increasing 30.7% YoY and international revenue rising 38%.Consolidated product margin crossed 70% for the first time, reaching 70.3% in Q1 FY27 compared with 68.7% a year earlier.
EBITDA margin also improved to 21.7% from 18.0%.
