Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses

Eyewear retailer Lenskart’s consolidated revenue from operations grew 66 per cent to Rs 1,502 crore in the fiscal year (FY22) compared to Rs 905 crore last year. The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year, according to data accessed by business intelligence platform, Tofler.

Total expenses rose 73 per cent to about Rs 1,726 crore in FY22. The cost of material has almost doubled to Rs 486 crore in FY22 compared to Rs 279 crore last year. Expenses related to employee benefits are Rs