Lenskart trims losses by 84% to ₹10 crore in FY24
1 month, 2 weeks ago

Lenskart trims losses by 84% to ₹10 crore in FY24

Live Mint  

Eyewear retailer Lenskart has cut its losses in the financial year ended March 2024 by 84% to ₹10 crore from the previous year, helped by operational efficiency achieved from expanded product lines. The Gurugram-based company’s operating revenue rose 43% to ₹5,427 crore while expenses surged to ₹5,549 crore from ₹4,025 crore in FY23, according to financial statements sourced from business intelligence platform Tofler. Chief executive Peyush Bansal had said earlier this year that it plans to open 400 outlets by the end of 2024. Recently, fund manager Fidelity marked up its valuation by 12% to $5.6 billion as the company plans for a public-market listing in the next two years.

History of this topic

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