Shares of Lenskart slipped after a block deal worth Rs 1,862 crore saw 3.80 crore shares change hands, amid reports that Abu Dhabi Investment Authority is trimming its stake in the eyewear retailer
Eyewear retailer Lenskart Solutions witnessed a block deal worth approximately Rs 1,862 crore on Thursday, with 3.80 crore shares, representing 2.2 per cent of the company’s equity, changing hands on the exchanges. Following the transaction, the stock opened more than 1 per cent lower at Rs 496 per share.
The deal was executed at a floor price of Rs 490 per share, reflecting a discount of around 2 per cent to Lenskart’s previous closing price of Rs 500.15 on the BSE.
According to media report, Abu Dhabi Investment Authority (ADIA) is looking to reduce its stake in the eyewear retailer. The proposed sale comes weeks after SoftBank monetised a portion of its holding in the company.
Under the terms of the transaction, the seller has agreed to a 90-day lock-up period on its remaining shareholding. IIFL Capital Services acted as the sole placement agent.
The latest transaction follows another significant block deal in Lenskart shares last week. SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares at Rs 508.55 apiece, raising nearly Rs 2,873 crore.
The transaction attracted several institutional investors, including Goldman Sachs, Fidelity, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Mirae Asset Mutual Fund, Quant Mutual Fund and HDFC Life Insurance.
Despite continued stake sales by early investors, brokerages remain optimistic about Lenskart’s growth trajectory, supported by strong operating performance and improving profitability metrics.
Revenue Growth Strong
For the January-March quarter of FY26, the company reported a 46 per cent year-on-year increase in revenue from operations to Rs 2,516 crore, compared with Rs 1,727 crore in the corresponding period last year.
However, net profit declined 9 per cent year-on-year to Rs 200 crore during the quarter, from Rs 219 crore in the year-ago period.
For the financial year ended 31 March 2026, Lenskart reported a 32 per cent rise in revenue to Rs 9,002 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 55.3 per cent year-on-year to Rs 1,789 crore, while adjusted profit after tax (Pat) surged 148 per cent to Rs 530 crore.
The company’s robust revenue growth and expanding profitability continue to support investor confidence, even as some of its early backers pare their holdings through secondary market transactions.
