Lenskart trims losses by 84%, revenue jumps 43% in FY24

IPO-bound eyewear brand Lenskart has reported a significant drop in its consolidated net loss for the financial year 2023-24. The company’s losses were reduced by 84 per cent to Rs 10.1 crore in the last fiscal from Rs 63.7 crore in FY23, regulatory documents sourced from business intelligence platform Tofler showed.

The total income of the founder and CEO Peyush Bansal-led Lenskart increased by 42 per cent to Rs 5,609 crore in FY24 from Rs 3,927 crore while revenue from operations jumped 43 per cent to Rs 5,427 crore in FY24 from Rs 3,788 crore in FY23.