1 month, 2 weeks ago
Lenskart trims losses by 84% to ₹10 crore in FY24
Live MintEyewear 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.
Crore
Lenskart
lenskart
eyewear
outlets
read
losses
84
financial
billion
trims
recently
retailer
crore
raised
fy24
History of this topic
2 years, 3 months ago
Lenskart may shift SE Asia manufacturing to India plant
Live MintDiscover Related
1 week, 3 days ago
1 week, 6 days ago
2 weeks, 6 days ago
1 month ago
1 month ago
1 month, 1 week ago
1 month, 1 week ago
1 month, 1 week ago
1 month, 1 week ago
1 month, 1 week ago
1 month, 1 week ago
1 month, 2 weeks ago
1 month, 2 weeks ago
2 months, 3 weeks ago
3 months, 2 weeks ago
4 months, 1 week ago
4 months, 3 weeks ago
4 months, 3 weeks ago
4 months, 4 weeks ago
5 months, 1 week ago
5 months, 2 weeks ago
5 months, 3 weeks ago
5 months, 3 weeks ago
6 months, 3 weeks ago
6 months, 3 weeks ago
6 months, 3 weeks ago
7 months, 1 week ago
7 months, 1 week ago
7 months, 1 week ago
7 months, 2 weeks ago
7 months, 2 weeks ago
7 months, 3 weeks ago
7 months, 4 weeks ago
8 months ago
8 months ago
8 months ago
8 months, 1 week ago
8 months, 1 week ago
8 months, 2 weeks ago
8 months, 3 weeks ago
8 months, 3 weeks ago
8 months, 3 weeks ago
9 months ago
9 months ago