A block deal worth around ₹2,047.4 crore is set to take place in eyewear retailer Lenskart Solutions Ltd, with Platinum Jasmine A 2018 Trust offering shares at a floor price of ₹682.45 apiece, sources said. The floor price represents a 3.5% discount to Lenskart’s last closing price, according to the deal details, sources added.
The offer size is around 1.7% of Lenskart’s total equity, with the transaction valued at approximately ₹2,047.4 crore. The shares sold through the block deal will be subject to a 90-day lock-up on any further sale of shares. Profit after tax margin expanded 443 basis points year-on-year to 8.4% from 4%.
Revenue grew 43.3% year-on-year to ₹2,714.2 crore from ₹1,894.5 crore. EBITDA rose 75.1% year-on-year to ₹588.5 crore, from ₹336.1 crore, while the EBITDA margin expanded to 21.7% from 17.7% in the year-ago quarter. EBITDA before Ind AS 116 rose to a margin of 13.3% from 9.1% in Q1 FY26.
Consolidated product margin crossed 70% for the first time, rising to 70.3% in Q1 FY27 from 68.7% a year ago. This came despite the rupee depreciating against the Chinese yuan. India product margin improved to 64.2% from 63.4%, while international product margin rose to 77.1% from 75.9%.
Operating cash flow stood at ₹297 crore, higher than the around ₹207 crore of capital expenditure. Capex included ₹75 crore for stores and ₹132 crore for the Hyderabad-led plant step-up. Net cash flow before mergers and acquisitions and equity stood at ₹116 crore.
Return on capital employed improved to 23.2% in Q1 FY27 from 14.6% for FY26, driven by earnings before interest and tax growth and capital allocation. Shares of Lenskart Solutions Ltd ended at ₹706.60, up by ₹26.80, or 3.94%, on the BSE.