Peyush Bansal Bets Big On AI After Lenskart Delivers Record Quarterly Profit Surge

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Eyewear retailer Lenskart has reported a massive jump in its earnings for the third quarter of 2026. The company’s profit after tax hit 133 crore rupees which is a 237 percent increase from last year. Revenue from operations also climbed by 38 percent to reach 2,307 crore rupees. CEO Peyush Bansal told shareholders that the firm is now doubling down on artificial intelligence. He believes using technology to test eyes at home will be the key to reaching a billion people in the coming years.

The company is seeing strong growth in both big cities and smaller towns. Sales at existing stores rose by 28 percent while total units sold went up by 31 percent. Lenskart conducted over 5.5 million eye tests this quarter alone. Interestingly nearly half of these were first time exams for new customers. Remote testing technology is helping the brand scale up fast in tier-2 cities where eye doctors are hard to find. The active base of paid Gold members has also reached 8.1 million people.

Lenskart is now pushing more premium products like Owndays and John Jacobs to increase its margins. Higher priced lenses like progressive and myopia control glasses are becoming more popular with customers. This “premiumization” strategy helped the average selling price rise by 7 percent. The firm is also preparing to open a massive new manufacturing plant in Hyderabad soon. Bansal said these long term investments in AI and infrastructure will pay off for decades to come.

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Total expenses also went up this quarter to 2,126 crore rupees. This included a small one-time cost related to the company’s upcoming initial public offering. However the management said these one-off items do not reflect the actual health of the business. Lenskart shares settled at 473 rupees on the National Stock Exchange after the results were announced. The brand remains confident that its technology first approach will keep it ahead of competitors in the vision correction market.