Lenskart Strong FY25: $755 Million Revenue, Over $200 Million Cash Ahead of IPO

As per the Moneycontrol report, Lenskart is expected to record a revenue of $755 million (approx. ₹6,415 crore) for FY25. This marks a 17% increase from the $645 million reported in FY24. The growth rate has slowed from the 46% jump seen in FY23 when revenue was $443 million.

The India business accounted for $455 million (₹3,865 crore) in FY25 revenue, while international markets contributed $300 million (₹2,550 crore). Since FY23, around 60% of total revenue has consistently come from India.

Lenskart’s overseas presence includes Southeast Asia and the Middle East. The company acquired Japanese eyewear brand Owndays for $400 million in 2022. It also runs a joint venture in China focused on manufacturing.

IPO Filing in Progress

As per the report, Lenskart is preparing to file its Draft Red Herring Prospectus (DRHP) with the Indian markets regulator SEBI. The company plans to raise $1 billion (₹8,500 crore) at a valuation of $10 billion (₹85,000 crore). The DRHP will be made publicly available.

Margins and Profitability Indicators

As per reports, EBITDA margins are between 18-22% in FY25. The company’s average cost price is $8 (₹680), while its average selling price stands at $28 (₹2,380), resulting in gross margins of 70%.

Read More: Lenskart IPO: Eyewear Giant to File DRHP Publicly By Early July, Opting Out Confidential Route!

Cash Reserves

Lenskart held over $200 million (₹1,700 crore) in net cash as of the first half of FY25. This figure may have shifted due to ongoing investments or operational adjustments.

According to the reports, the total addressable market across India, Asia, and the Middle East is pegged at $30 billion. Lenskart currently holds a 10% share in the Indian eyewear market.

Conclusion

With $755 million in FY25 revenue, growing international operations, and stable margins, Lenskart is positioned to enter public markets later this year.

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