Buoyed by profit surge, Lenskart to go big on AI investments

Eyewear retailer Lenskart is set to significantly expand its investments in artificial intelligence (AI) and technology following a remarkable 237% surge in profit after tax, reaching ₹133 crore in the December quarter of fiscal year 2026. The company’s revenue from operations for the quarter grew 38% year-on-year to ₹2,307 crore, highlighting robust business momentum. CEO Peyush Bansal emphasized that Lenskart made a strategic decision years ago to become an AI-first company, a choice now fueling its growth. During the quarter, Lenskart conducted 5.5 million eye tests, marking a 60% increase compared to the previous year, with nearly half of these being first-time exams—indicating market expansion rather than just competing for existing customers.

A key driver of the company’s margins has been a rising share of progressive lenses in its product mix, which are higher-value items, alongside steady growth in vision correction products. This premiumization strategy alongside AI-enabled services forms the core of Lenskart’s future growth plans. The company’s focus on AI allows it to optimize customer experience, improve operational efficiency, and innovate in areas like personalized eyewear recommendations and eye-testing technology. Lenskart’s move to intensify AI investment underscores the growing role of advanced technology in transforming traditional retail sectors and enhancing eyewear accessibility and customization for consumers.