{"id":12084,"date":"2025-07-18T17:22:45","date_gmt":"2025-07-18T11:52:45","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=12084"},"modified":"2025-07-18T17:45:09","modified_gmt":"2025-07-18T12:15:09","slug":"ipo-bound-lenskart-posts-755-million-revenue-in-fy25","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/ipo-bound-lenskart-posts-755-million-revenue-in-fy25\/","title":{"rendered":"IPO-Bound Lenskart Posts $755 Million Revenue in FY25, Holds Over $200 Million in Cash"},"content":{"rendered":"

SoftBank-backed eyewear startup eyes $10 billion valuation as IPO filing nears; India revenue leads while global expansion gains pace<\/em><\/p>\n

Lenskart, the eyewear unicorn backed by SoftBank, is understood to have clocked $755 million in revenue in FY25, driven by its core India business and a growing international footprint, according to internal documents accessed ahead of its upcoming IPO’s<\/a> filing. Of the total revenue, $455 million (\u20b93,865 crore) came from India, while $300 million (\u20b92,550 crore) was generated internationally. This marks a 17% year-on-year growth, slower than the 46% jump seen between FY23 and FY24 as the company shifted focus towards profitability at scale.<\/p>\n

Lenskart is expected to file its Draft Red Herring Prospectus (DRHP) publicly soon, targeting a $1 billion IPO at a valuation of $10 billion (\u20b985,000 crore)\u2014a rare move in the current market, where many new-age startups opt for confidential filings. The offering is likely to be one of the biggest in India\u2019s consumer tech space this year.<\/p>\n

Also Read : HDFC Bank Bonus Issue Triggers Dilemma for China\u2019s Central Bank Amid Investment Norms<\/a><\/p>\n

Strong Margins and Robust Financial Backing Support Listing Plans<\/h2>\n

The company maintained a gross margin of 70% in FY25, owing to an average cost price of $8 (\u20b9680) and an average selling price of $28 (\u20b92,380). EBITDA margins ranged between 18\u201322%, aligning it with global eyewear players like Fielmann and JINS. Internal reports suggest that net cash reserves stood at over $200 million (\u20b91,700 crore) as of H1 FY25, bolstering investor confidence ahead of the IPO.<\/p>\n

With rising operational efficiency and strategic international plays\u2014such as its $400 million acquisition of Japan\u2019s Owndays in 2022 and a manufacturing JV in China\u2014Lenskart continues to solidify its global presence. Southeast Asia has been a key revenue driver outside India, where the company still holds a 10% market share, with ambitions to scale that to 25% by FY30.<\/p>\n

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