Lenskart Share Price Jump 5% on Plan to Form Thailand JV With Matt Optical

Lenskart Solutions share price (NSE: LENSKART) climbed more than 5% on Tuesday after the company announced plans to form a joint venture in Thailand. The rally followed approval by its subsidiary to acquire a 50% stake in Marco Optical (Thailand).

Lenskart Share Price Performance

The stock rose as much as 5.5% to ₹492.80, marking its biggest intraday gain since December 19. Later, it pared some gains and was trading around ₹479, up about 2.6%, while the Nifty 50 was largely flat.

Since listing last month, Lenskart shares have gained nearly 19%. The stock is up 17% so far in December, compared with a slight fall in the broader index. The company’s market capitalisation stands at about ₹83,395 crore.

Details of the Thailand Joint Venture

Lenskart’s wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, has approved the purchase of 250,000 ordinary shares in Marco Optical (Thailand) Co., Ltd., also known as Sunrise Thailand, from Matt Optical.

After the deal, Sunrise Thailand will operate as a 50:50 joint venture, with Lenskart Singapore and Matt Optical holding equal stakes.

Investment Size and Business Focus

The total investment commitment is THB 168.75 million, or around $5 million. This includes the cost of acquiring shares, while the remaining amount will be provided as a loan that could later be converted into equity.

Sunrise Thailand is engaged in the manufacturing and trading of optical products, including lenses, frames and optical equipment.

Read More, GRM Overseas Bonus Issue Record Date is Tomorrow, December 24! 

Lenskart Q2 FY26 Performance

In the September quarter, Lenskart reported a nearly 20% year-on-year rise in net profit to ₹103.5 crore. Revenue from operations increased 21% to ₹2,096 crore, compared with ₹1,735.7 crore a year ago.

India remained the company’s key growth driver, generating ₹1,230.6 crore in revenue during the quarter, higher than both the June quarter and the year-ago period.

Conclusion

Lenskart’s planned Thailand joint venture has boosted investor confidence, reflecting its push to expand manufacturing and international presence. Strong financial performance and overseas growth plans continue to support the stock’s upward momentum.

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