Lenskart Share Price Today Falls 5% After Block Deals Worth Nearly 27 Mn Shares; Q2 Revenue Growth In Focus

Lenskart Solutions shares came under pressure on Monday, October 12, falling around 5% in intraday trade after nearly 27 million equity shares changed hands through block deals. The selling activity drew attention to the eyewear retailer's stock as investors also look ahead to its September-quarter earnings, with brokerages expecting revenue growth of more than 30% year-on-year.

Lenskart Share Price Today After Block Deals Worth Nearly 27 Million Shares

Lenskart shares slipped to around Rs 645 on the BSE during the session. The stock opened at Rs 650, touched an intraday high of Rs 655 and fell to a low of Rs 643.75. At 10:37 am, Lenskart Solutions was trading at Rs 649.40 on the NSE.

The identities of the buyers and sellers involved in Monday's block deals were not immediately known. Media reports had indicated that a block deal worth up to Rs 950 crore could take place in Lenskart Solutions, with an option to increase the transaction size.

According to media reports, Alpha Wave Ventures LP, which holds a 3.42% stake in Lenskart Solutions, was identified as the likely seller in the proposed block deal. However, the reported details had not been independently verified, and the identities of the actual buyers and sellers were not immediately available.

Further details of the bulk and block deals, including the parties involved and the number of shares traded, were expected to become available later in the day.

Block deals can attract investor attention because large transactions may reflect changes in institutional holdings or provide an opportunity for existing shareholders to sell part of their investments. However, the transaction alone does not establish the company's business outlook or explain the stock's future direction.

Lenskart Share Performance In 2026: Stock Up Nearly 50%

Despite Monday's decline, Lenskart Solutions has significantly outperformed the broader market in 2026 so far. The stock has gained nearly 50% during the calendar year, while the BSE Sensex has declined around 15% over the same period.

Lenskart shares touched a record high of Rs 725 on September 18, 2026. The latest decline comes after that peak, making the stock's movement and trading volumes important factors for investors to track.

The company's share price may continue to respond to large transactions, quarterly earnings expectations and updates on business growth. Investors will also watch whether the stock stabilises after Monday's selling activity.

Lenskart Q2 Results Expectations: Brokerages Expect Over 30% Revenue Growth

Apart from the block deals, Lenskart's September-quarter business performance remains in focus. Brokerages expect the eyewear retailer to report revenue growth of more than 30% year-on-year, supported by higher sales volumes, store additions and continued momentum in India and international markets.

Elara Securities has projected revenue growth of 34% year-on-year. The brokerage expects higher volumes across domestic and overseas operations to support performance, while improved realisations could provide an additional boost. A favourable base in the corresponding quarter of the previous year is also expected to support the growth rate.

Investors will look for details on store expansion, same-store sales growth and the contribution of international operations when the company's quarterly results are announced. These factors could help indicate whether the company can sustain its growth momentum.

However, revenue growth alone may not determine the market's reaction. Investors are also likely to assess profitability, margins and the pace of expansion to understand how effectively Lenskart is converting higher sales into earnings.