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ETtech Explainer: Was Lenskart’s Q3 profit spike structural or a one-off? - The Economic Times

Economic Times

Economic Times · 5d ago

ETtech Explainer: Was Lenskart’s Q3 profit spike structural or a one-off? - The Economic Times

Lenskart reported a significant rise in its net profit, attributed by management to a compounding phase where each revenue rupee translates into higher profit margins. The company's stock rose 10%, reaching a market capitalisation near $10 billion. Revenue increased 38% year-on-year, while net profit surged 74 times. Analysts debated whether the margin improvement was a one-off or a structural shift. Growth was largely volume-driven with stable gross margins and improved international profitability.

Related News

ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Economic Times

Economic Times · 6m ago

ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Lenskart, an omnichannel eyewear retailer, is set for a significant IPO, with a draft red herring prospectus (DRHP) filed to raise Rs 2,150 crore. The IPO, including a fresh issue and offer-for-sale from investors like SoftBank, aims for a Rs 7,500-8,000 crore valuation. Lenskart intends to utilize funds for store expansion, technology enhancement, and marketing. Profitable in FY25, the company reported a Rs 297 crore net profit, with significant revenue from international markets.

ETtech Explainer: What is Flipkart’s ‘advertise now, pay later’ all about? - The Economic Times

Economic Times

Economic Times · 7m ago

ETtech Explainer: What is Flipkart’s ‘advertise now, pay later’ all about? - The Economic Times

Flipkart has launched the 'Advertise Now, Pay Later' (ANPL) feature, allowing sellers to run ad campaigns without upfront payments. Targeted at small businesses and new brands, this initiative removes financial barriers by using sellers' existing earnings as collateral. Over 24,000 sellers have joined, benefiting from increased visibility and growth opportunities. This model contrasts with Amazon and Meesho's approaches, streamlining the process without credit checks or hidden charges.

Lenskart profit jumps to Rs 133 Cr in Q3 FY26; global biz forms 40% of revenue

Entrackr

Entrackr · 6d ago

Lenskart profit jumps to Rs 133 Cr in Q3 FY26; global biz forms 40% of revenue

Eyewear brand Lenskart announced its financial results for Q3 FY26 on Thursday. The firm’s revenue increased by 36% during the third quarter, while its profit zoomed over 71X year-on-year to Rs 133 crore in the same period. The company’s revenue from operations increased to Rs 2,308 crore year-on-year in Q3 FY26 from Rs 1,669 crore in the same quarter last year, according to its financial statement sourced from NSE. Revenue from the Indian market accounted for 60% of total revenue at Rs 1,385 crore, while the international market contributed 40% at Rs 936 crore. A further Rs 14 crore was adjusted as inter-segment revenue. Other income contributed an additional Rs 40 crore, which drove its total income to Rs 2,348 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased by 28% to Rs 6,298 crore from Rs 4,925 crore a year earlier. On the expense side, the cost of material was the largest expenditure, accounting for 33% of the total expense. This cost increased by 31% to Rs 717 crore in Q3 FY26 from Rs 548 crore in Q3 FY25. Employee benefit expense rose 62.5% to Rs 528 crore in Q3 FY26 from Rs 325 crore in Q3 FY25. Finance and depreciation costs were other overheads that added to the total expense, which increased by 28% to Rs 2,163 crore in Q3 FY26. Lenskart’s profit jumped 71X to Rs 132.7 crore in Q3 FY26 as compared to Rs 1.85 crore in Q3 FY25. On a sequential basis, its profit increased by 29% from Rs 103 crore in Q2 FY26. After today’s trading session, Lenskart’s shares closed at Rs 473 per share, valuing the company at a market capitalization of Rs 82,059 crore, or around $9 billion.

ETtech Explainer: Decoding govt's $11 billion RDIF Fund - The Economic Times

Economic Times

Economic Times · 1m ago

ETtech Explainer: Decoding govt's $11 billion RDIF Fund - The Economic Times

India's Rs 1 lakh crore Research, Development, and Innovation Fund (RDIF) aims to create a sovereign fund model, similar to global counterparts like Temasek, but focused on deeptech and science-heavy innovation. Unlike traditional grants, RDIF acts as risk capital, encouraging private investment and retaining intellectual property domestically. The fund targets priority sectors such as AI and biotech, addressing high failure rates in deeptech startups by supporting post-lab, pre-commercial stages, thus bridging founder's capital shortages.

Deepinder Goyal's LAT Aerospace demonstrates ultra-short takeoff test flight - The Economic Times

Economic Times

Economic Times · 1m ago

Deepinder Goyal's LAT Aerospace demonstrates ultra-short takeoff test flight - The Economic Times

Deepinder Goyal's startup, LAT Aerospace, successfully demonstrated an ultra-short take-off (uSTOL) flight with its Lat One v0.1 prototype but later crashed due to structural issues. The electric unmanned aerial vehicle aims to have a 60-minute range between Mumbai and Pune. Goyal and co-founder Surobhi Das plan to build eight-seater, low-cost, short takeoff and landing (STOL) aircraft to improve regional connectivity. The startup endeavors to refine and improve its designs based on iterative testing.

ETtech Explainer: How will removing the 10-minute delivery tagline affect quick commerce - The Economic Times

Economic Times

Economic Times · 1m ago

ETtech Explainer: How will removing the 10-minute delivery tagline affect quick commerce - The Economic Times

Quick commerce companies removed the 10-minute delivery promise due to government concerns about rider safety, entangled with worker union protests and social debate on delivery speed necessities. This branding change does not affect operations or demand, driven by dark store density. Platform focus may shift to improving backend execution over marketing claims. While platforms won't promise fast deliveries anymore, the business model and consumer expectations for quick service, especially in metro areas, remain unchanged.

ETtech Explainer: Why are ecomm, food delivery firms hiking platform fees ahead of festive season? - The Economic Times

Economic Times

Economic Times · 5m ago

ETtech Explainer: Why are ecomm, food delivery firms hiking platform fees ahead of festive season? - The Economic Times

Swiggy, Zomato, and Myntra have increased platform fees ahead of the festive season to counter rising operational costs and enhance profit margins. Swiggy's fee is now Rs 15, Zomato's is Rs 12, and Myntra's is Rs 25. These hikes align with periods of higher consumer spending when users are less likely to resist additional charges. The increased fees help these companies manage seasonal costs and bolster profitability during peak demand times.

ETtech Explainer | Google’s Gemini 1.5 retools AI in challenge to rival firms

Economic Times

Economic Times · 1y ago

ETtech Explainer | Google’s Gemini 1.5 retools AI in challenge to rival firms

Google has introduced Gemini 1.5, the next generation of its large, natively multimodal generative AI models. This updated version delivers enhanced performance and can process more data compared to its predecessors. Gemini 1.5 Pro is optimized for scaling across various tasks, capable of processing up to 700,000 words or 30,000 lines of code. It can also analyze up to 11 hours of audio or one hour of video in different languages. The new model features a context window of up to 1 million tokens, allowing it to process more information and produce more consistent and relevant output.

ETtech Explainer: Swiggy’s losses balloon even as revenue rise - The Economic Times

Economic Times

Economic Times · 3m ago

ETtech Explainer: Swiggy’s losses balloon even as revenue rise - The Economic Times

Swiggy, India's food and grocery delivery platform, saw a 54% increase in operating revenue due to rapid growth in quick commerce, reaching Rs 5,561 crore. However, its net loss also expanded by 74% to Rs 1,092 crore, partly due to rising expenses linked to its quick commerce arm, Instamart. As competition intensifies in quick commerce, Swiggy plans to raise Rs 10,000 crore to support its growth, despite ongoing cash burn and discounting challenges.

ETtech Explainer: X, Centre at loggerheads over social media misuse - The Economic Times

Economic Times

Economic Times · 7m ago

ETtech Explainer: X, Centre at loggerheads over social media misuse - The Economic Times

The Indian government and Elon Musk's platform X are in a legal dispute over content-blocking orders, with X claiming these orders harm its business and violate free speech. The government argues for accountability to curb harmful content. The case questions the Information Technology Act's provisions regarding content removal and intermediary "safe harbour." The dispute impacts how social media moderates content in India, potentially leading to revised regulations affecting all platforms, not just X.

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