2 weeks ago
Lenskart shares hit record high on China subsidiary incorporation
Lenskart is a company that makes and sells eyeglasses.
It just started a new company in China to help buy and sell glasses and glasses parts.
Because of this news, Lenskart's shares went up to a record high price.
The company also made a lot more money than before.
In the last quarter, its profit grew by more than two and a half times.
It added 132 new stores around the world.
Now it has more than 3,400 stores.
People who bought Lenskart shares early have made good money.
The company is growing fast because many people want glasses.
Lenskart Solutions shares rose 5.5% to a record high of ₹640 after announcing a new step-down subsidiary in China.
Wenzhou Framekart Trade Co., Ltd. was incorporated on August 14, 2026 as a subsidiary of Baofeng Framekart Technology Limited (BFT).
Lenskart's board approved raising its stake in BFT from 51% to 70%, valued at about RMB 7.5 million (~₹10.6 crore).
Q1 FY27 net profit jumped 273% YoY to ₹228 crore, while revenue from operations grew 43.3% to ₹2,714.18 crore.
The company added 132 net stores in the quarter, taking its total store count to 3,459, up around 23% YoY.
- Who
- Lenskart Solutions, an eyewear company, and its joint venture Baofeng Framekart Technology Limited (BFT).
- What
- Lenskart announced the incorporation of a new step-down subsidiary in China and reported strong Q1 FY27 earnings.
- Where
- China (Wenzhou), along with Lenskart's operations in India and international markets.
- When
- The announcement came in Tuesday's trade; the subsidiary was incorporated on August 14, 2026.
- Why
- To expand its trading, importing, exporting, and procurement of spectacle frames and optical products in China amid strong demand.
Key facts
- Record share price
- ₹640 (up 5.5% on the day)
- Gain in 2026
- 39%
- New subsidiary
- Wenzhou Framekart Trade Co., Ltd.
- Incorporation date
- August 14, 2026
- BFT stake
- Increasing from 51% to 70% (RMB 7.5 million / ~₹10.6 crore)
- Q1 FY27 net profit
- ₹228 crore (up 273% YoY)
- Q1 FY27 revenue
- ₹2,714.18 crore (up 43.3% YoY)
- Total stores
- 3,459 (up ~23% YoY)
- Issue price
- ₹402 per share
Sources
Related news
SoftBank Sells Second Lenskart Stake Worth ₹2,888 Crore
Lenskart Block Deal Sees Alpha Wave Sell 2.95 Crore Shares
Defence stocks rally, Lenskart gains, NMDC falls in India
Meesho, Lenskart Block Deals Draw Focus Amid Mixed Targets
Alphawave Plans ₹1,313 Crore Lenskart Stake Block Sale At Discount
New-Age Indian Stocks Rally, But Analysts See Uneven Upside
Internet Stocks Rally as MSCI Rejig Boosts IPO Activity
Kraftshala Reports 1,037 Marketing Placements Over 14 Months
Adani Stocks Mixed After Heavy Sell-Off Amid MSCI Reshuffle
Gift Nifty Signals Lower Open as Oil and Yields Rise
