Interim report
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Lenskart Solutions Limited (Earlier known as Lenskart Solutions Private Limited) Corporate Office: Ground Floor, Vipul Tech Square, Golf Course Road, Sector- 43, Gurugram, Haryana 122009 Regd. Office: Plot No. 151, Okhla Industrial Estate, Phase III, New Delhi 110020 Website: www.lenskart.com, Email: compliance.officer@lenskart.com, Phone No: 0124 – 4293191 CIN — L33100DL2008PLC178355 Date: February 11, 2026 National Stock Exchange of India Limited The Listing Department, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400 051 Scrip Symbol: LENSKART BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 544600 Sub.: Outcome of the Board Meeting held on February 11, 2026 – Unaudited Financial Results Dear Sir/ Ma’am, Pursuant to Regulations 30, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) (“ SEBI LODR Regulations ”) and further to our prior intimation dated February 3, 2026, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e., February 11, 2026, has considered and approved: Financial Results 1. The Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine month ended December 31, 2025 (“Financial Results”), and have taken on record limited review report(s) issued by the Statutory Auditors of the Company, enclosed as Annexure - I; and Proforma Information 2. Proforma Financial Information for the quarter and nine months ended December 31, 2025, enclosed as Annexure - II. These financial statements reflect the comparative numbers for corresponding periods on account of acquisitions made by the Company in last 12 months to enable a like-for-like comparison, prepared by the Management not subject to review/audit. The Board meeting commenced at 01: 00 PM (IST) and concluded at 03:26 PM (IST). The aforesaid details will also be hosted on the Company's website viz. https://www.lenskart.com/corporate/investorrelations. Kindly take the same on record. Thanking you, Yours Sincerely, For Lenskart Solutions Limited (Formerly known as Lenskart Solutions Private Limited) Ashish Kumar Srivastava Company Secretary and Chief Compliance Officer Membership No.: F5325 Place: Gurugram
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S.R. BATLIBOI & ASSOCIATES LLP 4th Floor, Office 405 World Mark- 2, Asset No. 8 Chartered Accountants IGI Airport Hospitality District, Aerocity New Delhi-110 037, India Tel: +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Lenskart Solutions Limited (formerly known as Lenskart Solutions Private Limited) 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Lenskart Solutions Limited (formerly known as Lenskart Solutions Private Limited) (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint ventures for the quarter ended December 31, 2025 and year to date from April 01, 2025 to December 31, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410, "Review oflnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons. responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board oflndia under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the subsidiaries, associates and joint ventures as listed in Annexure A. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S.R. Satliboi & Associat~s LLP, a Lirr.1ted LiaDility Partnership with LLP Identity No. AAB-4295 R.:!!,t Offi~e : 1.'.!. C:imac S1reet. Block ·a·, ~rd Flo->r. Kolk.ua-700 016 Annexure - I
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S.R. BATl.1801 & ASSOCIATES LLP Chartered Accountants 6. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • 16 subsidiaries, whose unaudited interim financial results include total revenues of Rs 11,212.59 million and Rs 30,867.60 million, total net profit after tax of Rs. 250.13 million and Rs. 562.46 million, total comprehensive income of Rs. 419.30 million and Rs. 1,177.34 million, for the quarter ended December 31, 2025 and the period ended on that date respectively, as considered in the Statement which have been reviewed by their respective independent auditors. • 1 associate and 2 joint ventures, whose unaudited interim financial results include Group's share of net loss of Rs. 0.40 million and Rs. 6.42 million and Group's share of total comprehensive loss of Rs. 0.40 million and Rs. 6.42 million for the quarter ended December 31, 2025 and the period ended on that date respectively, as considered in the Statement whose interim financial results, other fmancial information have been reviewed by their respective independent auditors. Out of the above 5 subsidiaries and 1 joint venture are located outside India whose financial results and other financial infonnation have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries and joint venture located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries and joint venture located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries, associate and joint ventures is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: • 6 subsidiaries, whose interim financial results and other fmancial information reflect total revenues of Rs 41.16 million and Rs 122.49 million, total net loss after tax of Rs. 8.48 million and total net profit after tax of Rs. 116.35 million, total comprehensive loss of Rs. 31.15 million and total comprehensive income of Rs. 83.63 million, for the quarter ended December 31, 2025 and the period ended on that date respectively. • 3 associates, whose interim financial results includes the Group's share of net loss of Rs. 16.69 million and Rs 15.45 million and Group's share of total comprehensive loss of Rs. 16.69 million and Rs. 15.45 million for the quarter ended December 31, 2025 and the period ended on that date respectively. The unaudited interim financial information/ financial results and other unaudited financial information of these subsidiaries and associates have not been reviewed by their auditor(s) and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries and associates is based solely on such unaudited interim financial results and other unaudited financial infonnation. According to the information and explanations given to us by the Management, these interim financial information/financial results are not material to the Group. Our conclusion on the Statement in respect of matters stated in para 6 and 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial information certified by the Management.
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S.R. BATL/801 & ASSOCIATES LLP Chartered Accountants 8. The comparative financial information of the Group for the corresponding quarter and nine months period ended December 31, 2024 included in these unaudited consolidated financial results have been solely based on the information compiled by the management and have not been subjected to an audit or review. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 ~ i-d-ha __ _ Partner Membership No.: 094941 UDIN: 26094941HHGPTJ4138 Place: Gurugram Date: February 11, 2026
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants AnnexureA Independent Auditor's Report on the Quarterly Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. (Referred to in paragraph 4 of our report of even date) List of Subsidiaries: Sr.No. Name ofEnti h' 1 Lenskart Eyetech Private Limited 2 Lenskart Foundation 3 Lenskart Solutions Pte. Ltd. 4 Lenskart Solutions Inc. (till June 25, 2025 ) 5 Lenskart Ootical Tradin g LLC 6 Lenskart Optical Lenses Cuttin g L.L.C 7 Lenskart Arabia Limited 8 Lenskart Solutions Companv Limited 9 Lenskart Solutions Sdn. Bhd. 10 PT Lenskart Solutions (Indonesia ) 11 Thai fa ewear Company Limited 12 Lenskart Solutions (Thailand ) Com pany Limited 13 MLOK.K 14 Ownda\ s Inc. 15 Owndavs Singapore Pte. Ltd. * (includin g subsidiaries) a. Ownda vs Taiwan Ltd b. Ownda ys Downunder Pty Ltd C. Ownda vs Hong Kon_g Limited d. Ownda vs Vietnam Com panv Limited e. Ownda \ s Malavsia Sdn. Bhd. f. Ownda 'v s Tech & Media (Thailand ) Co., Ltd g,, Ownda ys (Thailand ) Co., Ltd. 16 Ownda~ s Co., Ltd 17 Owndavs Contact Co, Ltd. 18 Tennozu Optical College Co., Ltd. 19 Neso Brands Pte. Ltd. 20 Tarnw IT Solutions India Private Limited 21 Dealskart Online Services Private Limited 22 Stellio Ventures S.L (w.e.f August 11 2025 ) 23 Ouantduo Technolo g,ies Private Limited (w.e.f September 28, 2025) * includes Owndays Combodia Branch of Singapore
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S.R. BATL/801 & ASSOCIATES LLP Chartered Accountants List of Joint Ventures: -Sr. No. Name of Entit\ 1 Baofeng Framekart Technolo gy Limited 2 Visionsure Services Private Limited (w.e.f August 27, 2024) List of Associates: Sr. No. Name of Entit\ 1 Le Petit Lunetier Paris SAS 2 Quantduo Technolo gies Private Limited (till September 27, 2025) 3 Dimension NXG Private Limited (w.e.f July 03, 2025) 4 I iiNeer Co., Ltd. (w.e.fDecember 31, 2025)
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Lenskart Solutions Limited (Fonnerly known as Lenskart Solutions Private Limited) Regd. Office: Plot No. 151, Okhla Industrial Estate. Phase 111, New Delhi-I IO 020, Delhi, India CIN. L33100DL2008PLC1783SS Tel no. : +91 124 429 3191, Email : compliance.officer@lenskart.com, Website URL: https://www.lcnskart.com Statement of Unaudited Consolidated Financial Result!! ·ror the uuarter and nine months neriod ended 31 December 2025 P1rt l (Rs in Milliom) Ouarter ended Nine months ended Year ended Sr.No Particulars 31 December 2025 30 Seatember 2025 31 December 2024 31 December 2025 31 December 2024 31 March 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited RefernoteS Refer note S I Income Revenue from operations 23,077.31 20,961.45 16,688.35 62,983.31 49,249.48 66,525.17 Other income 403.64 332.55 321.10 1,252.65 1,450.68 3,567.59 Total Income 23 480.95 21.294.00 17 009.45 64.235.96 50700.16 70092.76 2 Expenses Cost of raw materials and components consumed 5,786.76 5,515.42 4,472.26 16,425.50 12,933.18 17,603.27 Purchases of stock-in-lradc 932.01 1,192.92 1,951.31 3,131.38 3,797.42 4,573.45 Changes in inventories of finished goods, work in progress and 451.34 (206.74) (947.95) 155.18 (990.98) (832.68) stock in trade Employee benefits expense 5,277.87 5,025.44 3,251.06 14,959.29 9,439.16 13,787.54 Finance costs 487.08 451.69 344.68 1,349.15 983.79 1,458.90 Depreciation and amortization expense 2,703.35 2,534.06 1,992.80 7,608.72 5,814.27 7,965.69 Other expenses 5,988.00 5,290.64 S 839.92 16,166.42 17,244.29 21 638.61 Total Expe~es 21626.41 19.803.43 U 904.08 59795.64 49.221.13 66.194.78 3 Profit before share of (loss) of associates and joint ventures, exceptional item and tax for the period/year (1 •2) 1,854.54 1,490.S7 105.37 4,440.32 1,479.03 3,897.98 4 Share of (loss) of associates and joint vontur<s (net of tax) (17.09) (10.62) (25.47) (21.87) (33.32) (44.42) 5 Profit before exceptional item and tu: for the period/year 1,837.45 1,479.95 79.90 4,418.45 1,445.71 3,853.56 (3+4) 6 Exceptional Item Qoss) (Refet note 4) (53.23) . - '157.09 7 Profit before tax for the period/year (5+6) 1,784.22 1,479.95 79.90 4.261.36 1,445.71 3.853.56 8 Tu: Espenses -Current tax 788.35 687.37 182.26 1,973.51 811.70 1,023.64 -Deferred tax (credit) IJJI 24) 1241.93 !120.88 1685.50) 1138.05 (143.48 Total tax expenses 457.11 445.44 61.38 1288.01 673.6S 880.16 9 Profit after tax for the period/year(7--II) l.l27.11 1.11.3<4.51 18.52 2 973.35 m.06 2,973.40 Profit attributable to -Owners of the Holding Company 1,310.29 1,022.18 18.S0 2,933.29 767.04 2,955.89 -Non controlling Interests 16.82 12.33 0.02 40.06 5.02 17.51 1.327.11 1 034.51 18.52 2.973.35 772.06 2.973.40 10 Other Compreheast .. (Expense)/ Income (a) Items that will not be reclassified to profit or loss -Remeasurement (Loss) on Defined Benefit Plans (2.02) (0.37) (0.65) (4.82) (S.81) (10.12) -Income Tax (charge)/ credit 0.11 0.60 (1.30) 0.81 0.62 (b) ftems that will be reclassified to profit or loss -Exchange differences on translation of financial statements of (1,294.81) 571.45 998.17 (244.81) 950.36 (163.94) foreign operations Total Othel' Comprehensive (E:rpen1e)I' Income for the (1,296.72) S71.68 996.22 (248.82) 944.55 (173.44) period/year Other Comprehensivi (Ei:pense)/ Income is attributable to -Owners of the Holding Company (1,302.56) 561.95 1,017.39 (255.76) 945.90 (174.23) -Non controlling Interests 5.84 9.73 [21.17) 6.94 H.351 0.79 11.>96.721 571.68 996.22 " 48,821 944.55 1173,44 II Total CompreheDsive Income for the period/year (9+10) 30.39 1606.19 1014.74 2 724,53 1,716.61 2,m.q, Total Comprehensive Income is attributable to -Owners of the Holding Company 7.73 1,584.13 1,035.89 2,677.53 1,712.94 2,781.66 -Non controlling Interests 22.66 22.06 121.15 47.00 3.67 18.30 30.39 1.606.19 1.014.74 2,724.53 1,716.61 l.799.96 12 Paid-up Equity Share Capital (Face Value Rs 2 each) 1,543.37 13 Other F.quity 57,773.00 14 Basic Earnings Pet Share of Rs 2 each (not annualised) 0.77 0.61 0.01 1.74 0.46 1.77 I S Diluted Earnings Per Share ofRs 2 each (not annualised) 0.77 0.61 o.oi 1.74 0.46 1.76
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Part II. Consolidated Segment Revenue, Results, Assets and Liabilities (Rs in Millions) Quarter ended Nine months ended Year ended Particulars 31 December 2025 30 Seotember 2025 31 December 2024 31 December 2025 31 December 2024 31 March 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Refer note 5 Refer note 5 A - Segment Revenue: India 13,852.91 12,305.93 10,129.27 37,850.68 30,386.26 40,604.66 International 9,359.28 8,796.41 6,689.87 25,520.19 19,210.51 26,387.29 Inter Segment revenue (134.88) (140.89) I 130.79) 1387.56) (347.29) (466.78) Total Revenue from Operations 23,077.31 20,961.45 16,688.35 62,983.31 49,249.48 66,525.17 B - Segment Results IProflt/(loss)f before tax: India 1,608.29 1,260.67 481.18 4,064.48 1,532.52 1,749.09 International 325.19 310.91 (424.85) 522.10 (723.07) (227.55) Inter Segment elimination (12.59) 27.51 47.15 (71.63) 169.37 223.33 Total 1,920.89 1.599.09 103.48 4 514.95 978.82 1,744.87 Less: Unallocable Expenses [Finance cost) (487.08) (451.69) (344.68) (1,349.15) (983.79) (1,458.90) Add: Unallocable Income (Other Income) 403.64 332.55 321.10 1,252.65 1,450.68 3,567.59 Add: Exceptional Items- (loss) (53.23) - - ( 157.09) - - Profit before tax 1,784.22 1,479.95 79.90 4,261.36 1,445.71 3,853.56 C -Segment Assets India I, 18,498.51 93,523.31 84,597.23 I, 18,498.51 84,597.23 88,306.20 International 63,635.47 63,520.03 53,815.15 63,635.47 53,815.15 52,648.02 Inter Seb'lllent elimination (42,330.57 1 {42.263.68 1 (35 871.39) (42 330.57 ) (35,871.39 ) (36,244.03) Total 1,39,803.41 1,14,779.66 1,02,540.99 1,39,803,41 1,02,540.99 t,04,7IO.l9 D -Segment Liabilities India 28,984 .16 26,071.20 19,642.50 28,984 .16 19,642.50 23,175.68 International 26,739.90 29,022.35 27,354.20 26,739.90 27,354.20 24.529.35 Inter Segment elimination (1,536.591 (4,948.35 ) (4,552.671 ( 1 536.59) (4,552.67' (5,056.54) Total 54,187.47 50,145.20 42,444.03 54,187.47 42,444.03 • 42,648.4\1
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Part Ill. Notes to the Statement of Unaudited Consolidated Financial Results This Statement of Unaudited Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 11 February 2026. 2 This Statement of Unaudited Consolidated Financial Results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3 During the nine months period ended 31 December 2025, the Holding Company has completed its Initial Public Offer (IPO) of 181,063,669 equity shares of face value Rs. 2 each. The issue comprised of 53,501,096 shares offered as fresh issue and 127,562,573 shares offered as offer for sale aggregating to Rs.72, 780.15 millions. Pursuant to IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 10 November 2025. Out of the total proceeds of Rs. 20,806.25 million raised through the Fresh Issue pursuant to the IPO, Rs. 500 million had been utilised up to 31 December 2025 towards the objects of the Offer as disclosed in the Offer Document. The remaining unutilised proceeds were temporarily invested in fixed deposits and will be utilised in line with the stated objects of the offer. 4 Exceptional item includes: Rs in Million Particulars Ouarter ended Nine months ended Year ended 31 December 30 September 31 December 31 December 31 December 31 March 2025 2025 2024 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited hnoairment of investment - - - 103.86 - - Expenses on fresh issue of shares throultll lPO 53.23 - - 53.23 - - 5 The figures for quarter and nine months ended 31 December 2024 have been approved by Board of Directors but have not been subjected to review or audit by the statutory auditors. 6 During the nine months period ended 31 December 2025: (a) the Company's wholly owned subsidiary, Lenskart Singapore Pte. Ltd., acquired an 84.21 % stake in Stellio Ventures S.L for Rs. 4,102.72 million which includes a deferred consideration of Rs 523.58 million payable to founders within 3 years and 45 days from the date of acquisition i.e. 11 August 2025. (b) the Company has acquired an additional stake of 79.19% in QuantDuo Technologies Private Limited, pursuant to which it has become a subsidiary of the Company with a tot_al stake of 96.57% for Rs. 114 million. (c) the Company has made investment of Rs. 215.02 million for acquisition of 5.05% stake in Dimension NXG Private Limited which has been classified as associates in accordance with Ind AS -28 "Investments in Associates and Joint Ventures". (d) the Company's wholly owned subsidiary, Lenskart Singapore Pte. Ltd., acquired a 21.60% equity stake in iiNeer Co. Ltd. for a consideration of Rs. 126. 74 million. Furthermore, the Company has entered into a binding agreement to acquire an additional 7.60% stake. Consequently, this investment has been classified as an associate in accordance with Ind AS 28- "Investments in Associates and Joint Ventures". 7 During the nine months ended 3 I December 2025, the Board of Directors approved the conversion of 833,223,582 outstanding preference shares into equity shares, in accordance with the terms of issue. The Holding Company has filed the requisite statutory forms with the Ministry of Corporate Affairs (MCA) in this regard. 8 Other Income for the year ended 31 March 2025 includes fair value gain of 1,671.98 Mn on account of extinguishment of financial liability by 4.40% and fair valuation of remaining deferred liability for 3.33% stake in Owndays Inc. 9 On 21 November 2025, the Government of India notified the four new Labour Codes (the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020) consolidating 29 labour laws. The Group has carried out preliminary assessment and recorded the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The Group continues to monitor the finalisation of the Central/State Rules and clarifications from the Government on other aspects of the Labour Codes and finalise the impact on the financial results including that of contractor liabilities as and when such clarifications are issued/rules are notified. IO During the nine months ended 31 December 2025, the Holding Company has granted 72,47,738 stock options under Stock option plan, as approved by Board of Directors to the eligible employees of the Holding Company and its subsidiaries. Further, 19,28,183 stock options has been lapsed, 3,58,692 stock options were exercised and 50,000 stock options settled in cash.
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11 Item exceeding I 0% of total expenditure (included in other expenses) Rs. in Million Particulars Quarter ended Nine months ended Year ended 31 December 30 September 31 December 31 December 31 December 31 March 2025 2025 2024 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Marketing and promotion expenses 1,754.41 1,444.86 1,243.86 4,475.50 3,264.13 4,484.13 Commission and incentive expense 489.17 434.49 2,021.54 1,346.29 6,849.62 7,331.63 12 These Consolidated Financial Results for the quarter and nine months period ended 31 December 2025 are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: https://www .lenskart.com). For and on behalf of the Board of Directors of Lenskart Solutions Limited (Formerly known as Lenskart Solutions Private Limited) Peyush Bansal Chairman, Managing Director and Chief Executive Officer DIN :02070081 Place: Gurugram Date: 11 February 2026
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 4th Floor, Office 405 World Mark - 2, Asset No. 8 IGI Airport Hospitality District, Aerocity New Delhi -110 037, India Tel: +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Lenskart Solutions Limited (formerly known as Lenskart Solutions Private Limited) 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Lenskart S~lutions Limited (formerly known as Lenskart Solutions Private Limited) (the "Company") for the quarter ended December 31, 2025 and year to date from April 01, 2025 to December 31, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The comparative financial information of the Company for the corresponding quarter and nine months period ended December 31, 2024 included in these unaudited standalone financial results have been solely based on the information compiled by the management and have not been subjected to an audit or review. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 ~ -h- M- id_h_a _______ _ Partner Membership No.: 094941 UDIN: 26094941LCQNUT7187 Place: Gurugram Date: February 11, 2026 S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd Office: 2~. Cam.a,:: Stre~t Block ·s·. :>rd Flo,)r. 1::olkata-7110 Olti
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Lenskart Solutions Limited (Formerly known as Lenskart Solutions Private Limited) Regd. Office· Plot No. ISi, Okhla Industrial Estate, Phase Ill, New Delhi-I 10 020, Delhi, India CIN : L33100DL2008PLC178355 Tel no. : +91 124 429 3191, Email . cornpliance.officer@lenskart.com, Website URL: https:/lwww.lenskart.com Statement of Unaudited Standalone Financial Results for the Guarter and nine months period ended 31 December 2025 Part! ( R, in Millions) Sr.No Particulars Quarter ended Nine months ended Year ended 31 December 202S 30 Sentember 202S 31 December 2024 31 December 202S 31 December 2024 31 March 202S Unaudited Un1udited Un1udited Unaudited Unaudited Audited Refer note 6 Refer note 6 I Income Revenue from operations 13,807.60 12,290.43 10,060.51 37,773.38 30;168.82 40,392.43 Other income 433.73 382.26 458.02 1,465.26 1,474.88 1,862.83 Total Income 14.141.33 12 672.69 10.518.S3 39.238.64 31643.70 42 l SS.26 2 Expenses Cost of raw materials and components consumed 4,225.91 3,944.52 3,061.49 11,820.60 8,834.12 11,957.08 Purchases of stock-in-trade 485.68 721.21 1,517.96 1,946.58 3,118.64 3,730.08 Changes in inventories of finished goods, work in progress and stock in trade 311.06 (160.60) (759.43) 47.81 (842.49) (538.80) Employee benefits expense 1,097.76 1,179.31 1,007.35 3,297.73 2,946.09 3,962.90 Finance costs 325.44 298.96 255.05 907.30 691.59 972.44 Depreciation and amortization expense 1,105.48 985.22 747.25 2,997.47 2,076.24 2,915.77 Other expenses 5,168.35 4,377.61 4195.67 13,838.58 12,562.30 16 740.29 Total Expen1es 12 719.68 11.146.23 10 02S.34 34.856.07 29,386.49 39 739.76 3 Profit before exceptional items ind tax for the period/year (1-2) 1,521.65 1.326.46 493.19 4,382.57 2,257.21 2,515.50 4 Exceptional items -(loss) (refer note 4) (S3.23) - - (189.11) - - 5 Profit before tu: for the period/year (3-4) 1,468.42 1.326.46 493.19 , .193.46 2 257.21 2.515.50 6 Tax Expenses -Current tax 683.S6 564.68 161.03 1,662.59 589.02 717.29 -Dcfem:d tax (credit) (302,871 1229.271 C39.19 <592.27' [15.51) (82.51) Total t1x expenses 380.69 335.41 121.84 1070.32 573.51 634.78 7 Profit after tu: for the period/year (5-6) 1 087.73 991.05 371.35 3123.14 1683.70 I 880.72 8 Other Comprehensive (Loss)/locome Items that will not be reclas ■ ified to profit or 1011 -Remeasurement (loss)/gain on Defined Benefit Plans (0.32) 5.26 (0.65) 4.53 (S.81) (7.63) -Income Tax (charge)/ credit 0.08 (1.32) 0.16 (1.14) 1.46 1.92 Total Otller Comprehensive (Expense) / lucome for the period/year lCUAl 3.94 40.491 3.39 14.351 (5.71) 9 Total ComprehensJve Income for the period/ year (7+8) 1,087.49 994.99 370.86 3,126.53 1,679.35 1,875.01 10 Paid-up Equity Share Capital (Face Value Rs 2 each) 1,543.37 II Other Equity 61,971.80 12 lldStc Earnings Per Share of Rs 2 each (not annualised) 0.64 0.59 0.22 1.85 1.01 1.12 13 Diluted F.,,min M Per Share of Rs 2 each (not annualised! 0.64 0.59 0.21 1.85 1.00 1.12
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Part II. 'iotes to the Statement of L=naudited Standalone Financial Results This Statement of Unaudited Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 11 February 20'.'6. 2 This Statement of Unaudited Standalone Financial Results have been prepared in accordance with the reco6'11ition and measurement principles laid down in Indian Accounting Standard 34. (Ind AS 34) lnte1im Financial Reporting prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Re6'1llation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3 During the nine months period ended 31 December 2025, the Company has completed its Initial Public Offer (IPO) of 181,063,669 equity shares of face value Rs. 2 each. The issue comprised of 53,501.096 shares offered as fresh issue and 127,562,573. shares offered as offer for sale aggregating to Rs.72,780. 15 millions. Pursuant to IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSEJ on 10 November 2025. Out of the 1otal proceeds of Rs. 20,806.25 million raised through the Fresh Issue pursuant to the !PO, Rs. 500 million had been utilised up to 31 December 2025 towards the objects of the Offer as disclosed in the Offer Document. The remaining unutilised proc.eeds were temporarily invested in fixed deposits and will be utilised in line with lbe stated objects of the offer. 4 Exceptional items includes: Rs in Million Particulars Ouarter ended Nine months ~ riod ended Year ended 31 December 2025 30 September 31 December 2024 31 December 2025 31 December 2024 31 March 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Jmoairment of investment - - - 135.88 - - Exoenses on fresh issue of shares throu~h IPO 53.23 - - 53.23 - - 5 During the nine months period ended 31 December 2025: (a) the Company 's wholly owned subsidiary, Lenskart Singapore Pte. Ltd., acquired an 84.21 % stake in Stellio Ventures S.L for Rs. 4, 102.72 million which includes a deferred consideration of Rs 523.58 million payable to founders within 3 years and 45 days from the date of acquisition i.e. 11 August 2025. (b) the Company has acquired the additional stake of 79.19% in QuantDuo Technologies Private Limited, pursuant to which it has become a subsidiary of the Company with a total stake of96.57% for Rs. 114 million. (c) the Company has investment of Rs. 215.02 million for acquisition of 5.05% stake in Dimension NXG Private Limited which has been classified as associates in accordance with Ind AS -28 "Investments in Associates and Joint Ventures". (d) the Company's wholly owned subsidiary, Lenskart Singapore Pie. Ltd., acquired a 21.60% equity stake in iiNeer Co. Ltd. for a consideration of Rs.126.74 million. Furthermore, the Company has entered into a binding agreement to acquire an additional 7.60% stake. Consequently, this investment has been classified as an associate in accordance with Ind AS 28 - "Investments in Associates and Joint Ventures". 6 The figures for quarter and nine months ended 31 December 2024 have been approved by Board of Directors but have not been subjected to review or audit by the statutory auditors. 7 During the nine months ended 31 December 2025, the Board of Directors approved the conversion of 833,223,582 outstanding preference shares into equity shares, in accordance with 1he terms of issue. The Company has filed the requisite statutory forms with the Ministry of Corporate Affairs (MC A) in this regard. 8 On 21 November 2025, the Govef\lment of India notified the four new Labour Codes (the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020) consolidating 29 labour laws. The Company has carried out preliminary assessment and reco·rded the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The Company continues to monitor the finalisation of the Central/State Rules and clarifications from the Government on other aspects of the Labour Codes and finalise the impact on the financial results including that of sub-contractor liabilities as and when such clarifications are issued/rules are notified. 9 During the nine months ended 31 December 2025, the Company has granted 72,47, 738 stock options under Stock option plan, as approved by Board of Directors to the eligible employees of the Company and its subsidiaries. Further, 19,28, 183 stock options has been lapsed 3,58,692 stock options were exercised and 50,000 stock options settled in cash. 10 Item exceeding 10% of total expenditure (included in other expenses) Rs in Million Particulars Quarter ended Nine months ended Year ended 31 December 2025 30 September 31 December 2024 31 December 2025 31 December 2024 31 March 2025 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited lrommi.ssinn °n-i incentive ~v,,,.,nse ,ff,l'..79 415.17 2 021.54 1 304.59 6.849.17 7 llJ.06 Operation and maintenance ex1icnses I 723.45 1.455.97 - 4 473.30 - I 237.71 11 These Standalone Financial Results for the quarter and nine months period ended 3 I December 2025 are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: https://www.lenskart.com). For and on behalf of the Board of Directors of Lenskart Solutions Limited (Former(, , known as Lenskart Solutions Private limited) ()\/ Peyush Bansal Chairman, Managing Director and Chi~f'Executive qfficer DIN:02070081 Place: Gurugram Date: I I February 2026
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Annexure II Statement of Proforma Financial Information for the quarter and nine months period ended 31 December 2025
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Lenskart Solutions Limited (Formerly known as Lenskart Solutions Private Limited) Regd. Office: Plot No. 151, Okhla Industrial Estate, Phase Ill, New Delhi-110 020, Delhi, India CIN: L33 IO0DL2008PLC178355 Tel no. : +91 124 429 3191, Email : compliance.ofticer@lenskart.com, Website URL: https://www.lenskart.com Statement of Proforma Financial Information for the quarter and nine months period ended 31 December 2025 Part I (Rs in Millions) Quarter ended Nine months ended I Year ended Sr.No Particulars 31 December 2025 30 September 2025 31 December 2024 31 December 2025 I 31 December 2024 I 31 March 2025 1 2 J 4 5 6 7 il 9 10 11 12 13 Mana2ement Certified Income Revenue from operations 23,077.31 21,465.89 16,790.70 64,865.68 50,131.86 68,030.46 Other income 403.64 331.69 334.09 1,254.24 1,478.95 3,597.06 Total Income 23,480.95 21,797.58 17,124.79 66,119.92 51,610.81 71,627.52 Expenses Cost of raw materials and components consumed 5,786.76 5,515.43 4,471.76 16,425.51 12,933.18 17,603.27 Purchases of stock-in-lrade* 932.01 1,272.18 (477.12) 3,644.30 1,726.51 2,737.26 Changes in inventories off'misbed goods, work in progress and stock in lrade 451.34 (172.72) 1,343.25 76.74 1,112.59 833.14 Employee benefits expense 5,277.87 5,065.21 4,208.68 15,064.71 12,090.13 16,500.44 Finance costs 487.08 444.90 372.92 1,349.65 1,074.94 1,574.52 Depreciation and amortization expense 2,703.35 2,536.82 2,195.14 7,623.48 6,474.93 8,640.06 Other expenses 5,988.00 5,519.28 4,801.54 17,101.18 14,047.00 18,802.48 Total Expenses 21626.41 20 181.10 16 916.17 61285.57 49 459.28 66 691.17 Profit before exceptional items, share of (loss) of associates and joint ventures and tax for the period/year (1-2) 1,854.54 1,616.48 208.62 4,834.35 2,1S1.S3 4,936.35 Share of(loss) of associates and joint ventures (net of tax) (17.09) (10.83) (16.28) (21.09) (26.18) (30.38) Profit before exceptional items and tax for the period/year (3+4) 1,837.45 1,605.65 192.34 4,813.26 2,125.35 4,905.97 Exceptional Items (loss) (53.23) - - (157.09) - (118.89) Profit before tax for the period/ year (5+6) 1,784.22 1,605.65 192.34 4,656.17 2,125.35 4,787.08 Tax Expenses -Current Tax 788.35 719.07 144.34 2,074.75 868.75 1,096.13 -Deferred tax credit (331.24) (241.25) (344.79) (682.45) (113.91) (120.91) 'Total tu expenses 457.11 477.82 (200.45] 1,392.30 754.84 975.22 Profit after tu for the period/year (7-8) 1,327.11 1,127.83 392.79 3,263.87 1,370.51 3 811.86 Profit attributable to -Owners of the Holding Company 1,310.29 1,101.06 395.76 3,175.57 1,323.82 3,750.05 -Non controlling Interests 16.82 26.77 (2.97) 88.30 46.69 61.81 1.327.11 1,127.83 392.79 3,263.87 1,370.51 3,811.86 Other Comprehensive (Expense)/ Income (a) Items that will not be reclassified to profit or loss -Remeasurement (Loss) on Def'med Benefit Plans (2.02) (0.37) (0.65) (4.82) (5.81) (12.45) -Income Tax (charge)/ credit 0.11 0.60 (1.30) 0.81 - 1.21 (b) Items that will be reclassified to profit or loss -Exchange differences on translation of financial (232.23) statements of foreign operations (1,294.81) 364.00 978.54 (400.42) 865.96 Total Other Comprehensive (Expense)/ Income for the period/year (1,296.72) 364.23 976.59 (404.43) 860.1S (243.47) Other Comprehensive (Expense)/ Income is attributable to -Owners of the Holding Company (1,302.56) 386.92 995.99 (387.14) 869.81 (233.48) -Non controlling Interests 5.84 (22.69) (19.40) (17.29) (9.66) [9.991 (1,296.72) 364.23 976.59 (404.43 860.15 (243.47) Total Comprehensive Income/ (Expense) for the 30.39 1,492.06 1,369.38 2,859.44 2,230.66 3,568.39 period/year (9+ l 0) Total Comprehensive Income is attributable to -Owners of the Holding Company 7.73 1,487.98 1,391.75 2,788.43 2,193.63 3,516.57 -Non conlrOUing Interests 22.66 4.08 (22.37) 71.01 37.03 51.82 30.39 1492.06 1.369.38 2 859.44 2.230.66 3 568.39 Basic Earnings Per Share of Rs 2 each (not annualised) 0.77 0.65 0.23 1.88 0.79 2.24 Diluted Earnings Per Share of Rs 2 each (not annualised) 0.77 0.65 0.23 1.88 0.79 2.24 Purchases of stock-in-trade during the quarter ended 31 December 2024 are negative on account of reclassification of inventory from stock-in-trade to raw materials pursuant to a one-time inventory lransfer from Dealskart Online Services Private Limited.
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Part n. Proforma Segment Revenue and R .. ulta (Rs In MUUons) Ouarter ended Nine months ended Year ended Particulars 31 December 202S 30 Seotember 2025 31 December 2024 31 December 2025 31 December 2024 31 March 2025 Management Certllled A - Segment Revenue: India 13,852.91 12,329.00 9,866.3] 37,897.04 29,155.33 39,391.01 International 9,359.29 9,278.01 7,055.17 27,356.20 21,323.82 29,107.54 Inter Segment revenue (134.89) (141.12 ) (130.801 (387.561 (347.29) (468.091 Total Revenue from Operations 23,077.31 21465 .89 167'0.70 64865.68 50,131.86 68 030.46 B - Segment Results [Proflt/(loss)J before tax: India 1,608.29 1,248.97 641.98 4,047.38 1,913.83 2,464.01 International 325.19 429.09 (457.94) 932.91 (361.86) 200.62 Inter Segment elimination (12.59) 40.80 47.13 (71.62 169.37 218.80 Total 1.920.89 1.718.86 231.17 4 9118.67 1,721.34 2,883.43 Less: Unallocable Expenses [Finance cost] (487.08) (444.90) (372.92) (1,349.65) (1,074.94) (1,574.52) Add: Unallocable Income (Other Income] 403.64 331.69 334.09 1,254.24 1,478.95 3,597.06 Add: Exceptional Items- (loss) (53.23) - . (157.09) . (118.89) Profit before tax 1,784.22 1,605.65 192.34 4,656.17 2,125.35 4,787.08
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Part III, Notes to the Statement of Proforma Financial Information Background: The Proforma Financials Information has been prepared by management and approved by board of directors to illustrate the impact of following acquisitions (together these acquisition are referred as "Acquired Entetprises") : i) The Company acquired 100% equity interest in Dealskart Online Services Private Limited ("DOSPL") on 31 December 2024. The principal activity of Dealskart Online Services Private Limited is retailing and distribution of branded and private labelled Eyeglasses, Sunglasses and Contact lenses and also operating in online market place. ii) The Company acquired 84.21% equity interest in Stellio Ventures ,S.L ("Meller") on 11 August 2025 which has with effect from that date become a subsidiary ofLenskart Solutions Pte. Ltd (wholly owned subsidiary of the Holding Company). Lenskart Solutions Pte. Ltd. also entered into a put and call option for the acquisition of the remaining shares in Meller from the founders of the Meller. The principal activity of Meller is import and sale of sunglasses. iii) The Company acquired additional stake in Quantduo Technologies Private Limited ("QTPL") on 30 September 2025, due to which QTPL has become a subsidiary of the Company. The principal activity of QTPL is to develop analytics solutions for industries that deal with large volumes of data and has designed and refined a proprietary geo analytics tool that leverages location-based data to predict revenue potential and payback periods for prospective store locations. 2 Basis of preparation: 2.1 The Proforma Financial Information for the quarter and nine months period ended has been prepared by the Company to illustrate the impact of acquisition transaction undertaken as if the acquisition had taken place: a. acquisition transaction ofDOSPL undertaken as if such acquisition had taken place as on April 01, 2024 for the purpose of proforma statement of profit and loss for the quarter and nine months period ended 31 December 2024. b. acquisition transaction of Meller and QTPL undertaken as if the acquisition had taken place as on April 01, 2025 and April 01, 2024 for the purpose of proforma statement of profit and loss for the quarter and nine months period ended 31 December 2025 and for the quarter and nine months period ended 31 December 2024 respectively. 2.2 The Proforma Financial Information are derived from: i) Financial information of the Group for quarter and nine months period ended 31 December 2025, quarter and nine months period ended 31 December 2024 and year ended 31 March 2025. ii) Special Purpose Ind AS Financial information of DOSPL for the quarter and nine months period ended 31 December 2024. iii) Special Purpose IndAS Financial information of QTPL for the quarter and nine months period ended 31 December 2024, for the six months and quarter eneded 30 September 2025 and year ended 31 March 2025. iv) Special Putpose Ind AS Financial information of Meller for the quarter ended 30 June 2025, period ended 11 August 2025, quarter and nine months period ended 31 December 2024 and year ended 31 March 2025. 3 Other Income for the year ended 31 March 2025 includes fair value gain of 1,671.98 Mn on account of extinguishment of financial liability by 4.40% due to acquisition of stake in Owndays Inc. and fair valuation ofremaining deferred liability for 3.33% stake in Owndays Inc. was recorded in December 2024. For and on behalf of the Board of Directors of Lenskart Solutions Limited ~ :; urumn &Mwm Prim,. L~;~ Peyush Bansal Chairman, Managing Director and Chief Executive Officer DIN:02070081 Place: Gurugram Date: 11 February 2026