Lenskart trims losses by 84% to ₹10 crore in FY24

Eyewear retailer Lenskart has cut its losses in the financial year ended March 2024 by 84% to ₹10 crore from the previous year, helped by operational efficiency achieved from expanded product lines. Its losses in FY23 stood at ₹64 crore.

The Gurugram-based company’s operating revenue rose 43% to ₹5,427 crore while expenses surged to ₹5,549 crore from ₹4,025 crore in FY23, according to financial statements sourced from business intelligence platform Tofler.