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Lenskart Q3 profit jumps 70-fold to Rs 131 crore
Revenue rises 38 per cent to Rs 2,308 crore; IPO costs weigh marginally
MUMBAI: Lenskart Solutions Limited delivered a blockbuster December quarter, reporting a multi-fold jump in profits as scale benefits and strong demand powered earnings.
Consolidated net profit for the third quarter of FY26 surged more than 70 times year-on-year to Rs 131 crore, compared with Rs 1.85 crore in the same period last year, the company said in a stock exchange filing.
Revenue from operations rose 38.3 per cent on-year to Rs 2,307.7 crore, up from Rs 1,668.8 crore, reflecting sustained expansion across Lenskart’s physical retail network and online channels.
The company reported an exceptional loss of Rs 5.3 crore during the quarter, entirely attributable to expenses linked to the fresh issue of shares under its initial public offering. Excluding this one-off charge, operating performance remained robust.
Lenskart shares closed at Rs 473 ahead of the earnings announcement, down 0.5 per cent on the day. Since its market debut in November 2025, the stock has gained 17.3 per cent, underscoring investor confidence in the company’s growth trajectory.
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HSBC names Gautam Anand to head global India private banking unit
The bank taps a 25-year veteran to run its franchise as the war for wealthy NRI clients heats up
MUMBAI: HSBC has handed Gautam Anand the keys to its global India private banking business, betting that a seasoned operator can squeeze more out of one of the world’s most lucrative pools of offshore wealth.
Anand, who joined HSBC Private Bank in December 2023 as global co-ordinator for Global India, the Middle East, North Africa and Europe, steps up to lead the franchise outright. He will run the operation across India and its key international outposts in Dubai, Hong Kong, Singapore and the United Kingdom, putting him squarely in the middle of the corridors through which Indian money flows abroad.
The appointment is a signal of intent. HSBC only launched its global private banking business in India in 2023, pitching hard at high-net-worth and ultra-high-net-worth clients as part of a broader assault on Asian wealth management. The bank now wants Anand to turn that beachhead into a fortress.
He comes well-armed. Before HSBC, Anand clocked time at UBS, Credit Suisse, ANZ and ABN Amro, a CV that reads like a roll-call of the banks that have long competed to manage the fortunes of India’s affluent diaspora.
With Indian wealth exploding at home and spreading fast across global financial centres, the race to capture it is only getting fiercer. HSBC is backing Anand to make sure it does not finish second.
