US EditionWhat Does The Financial Lens Say About Lenskart? Can We See The Profit Path Clearly Or The Route Is Still Blurry In Losses?
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What Does The Financial Lens Say About Lenskart? Can We See The Profit Path Clearly Or The Route Is Still Blurry In Losses?
Lenskart’s much-hyped push toward a $10 billion IPO valuation has raised eyebrows. Behind the PR blitz, its financials paint a murkier picture. In FY2024 the SoftBank-backed company reported revenue of only ₹5,428 cr, up 43% year-on-year, while net losses narrowed from ₹64 cr to just ₹10 cr. (In FY2023 it lost ₹63 cr on ₹3,788 cr revenue.) Growth is decelerating: FY2025 …
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