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Lenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago

  • Omnichannel eyewear retailer Lenskart reduced its losses by 84% in FY24 to Rs 10.15 crore compared to Rs 63.7 crore in the previous year.
  • Lenskart reported a 43.2% growth in operating revenue, reaching Rs 5427.7 crore in FY24, up from Rs 3788.02 crore in FY23.
  • The company's total expenses increased by 37%, driven by employee benefit expenses, interest payments, and cost of materials.
  • Lenskart received Rs 2271.6 crore in FY24 from its international operations, indicating growth in its global expansion efforts.

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