Expansion: Lenskart to invest ₹45 Cr to scale its eyewear production in Thailand; Shares up 5.5%

Synopsis: LensKart has recently announced that its wholly owned subsidiary company Lenskart Solutions Pte. Ltd, Singapore to acquire 50 percent stake  in Thailand based company, Macro Optical Co. ltd 

The shares of Indias leading eyewear manufacturing company, which is majorly engaged in designing and manufacturing frame, lens and eyeglasses, were in focus after announcing about the acquisition of a Thailand based company expanding its overseas reach.

With the market capitalization of Rs. 83,135 Crores, the shares of Lenskart Solutions Limited has reached an intraday high of Rs. 492.8 per share  rising nearly 5.5 percent from the previous day close of Rs. 467 per share. 

What is the NEWS: 

Lenskart Limited has announced a strategic overseas expansion through its wholly owned subsidiary, which will invest approximately Rs. 44.8 Crores to acquire a 50% stake in Marco Optical (Thailand) Co., Ltd., thereby converting the company into a 50:50 joint venture with existing investor Matt Optical.

The investment structure includes the acquisition of 2,50,000 equity shares, with the remaining amount infused as a loan that may be converted into equity at a later stage, providing financial flexibility and potential upside.

Marco Optical is engaged in eyewear manufacturing, wholesale, and export trading, making this acquisition directly aligned with Lenskart’s core eyewear business. The move is strategically significant as it strengthens Lenskart’s manufacturing and sourcing footprint in Southeast Asia, supports supply chain diversification, and enhances export capabilities.

The Thailand-based company has also demonstrated strong growth momentum, reporting a sharp revenue increase of nearly 2,450%, from THB 3,985 in CY 2023 to THB 101,625 in CY 2024, highlighting its scaling operations and growth potential. Overall, the transaction reinforces Lenskart’s long-term global expansion strategy while remaining firmly within its core business domain.

About the company and Financials: 

LensKart solutions limited is majorly engaged in designing, manufacturing and selling of lens, frames and eyeglasses with its presence in over 430 cities. The company has generated over Rs.1100 Crores from top 9 cities in the last 12 months where it also added 84 more stores in the same time period.

The company currently has over 2000 existing stores with average adjusted same store sales growth of 19.2 percent and it is targeting more than 450 net store additions in India in FY26 vs 282 in FY25

Year on Year analysis: Revenue from operations has increased from Rs. 1736 Crores to Rs. 2096 Crores, up 20.7  percent. The operating profit has increased from Rs. 286 Crores to Rs. 413 Crores, up 44 percent and net profit has increased from Rs. 86 Crores to Rs. 103 Crores, up 19.7 percent. 

Quarter on quarter analysis: Revenue from operations has increased on quarterly basis  from Rs. 1894 Crores to Rs. 2096 Crores, up 10.6 percent. The operating profit has increased from Rs. 336 Crores to Rs. 413 Crores, up 23 percent and net profit has increased from Rs. 61 Crores to Rs. 103 Crores, up 68 percent. 

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