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Lenskart Solutions Ltd. through its wholly owned subsidiary NESO Brands

ICICIdirect Research 25 Sep 2026 DISCLAIMER

News: Lenskart Solutions Ltd. through its wholly owned subsidiary NESO Brands, has invested EUR 0.248mn (~Rs.2.71cr) to acquire an additional 2.5% stake in French D2C eyewear brand Le Petit Lunetier (LPL), taking its stake from 31.8% to 34.3%. This follows the acquisition of an additional 2.7% stake for EUR 0.25mn (~Rs.2.77cr) in April 2026, taking the aggregate investment for the incremental 5.2% stake to EUR 0.498mn (~Rs.5.48cr). LPL reported EUR 7.7mn turnover in FY26.

View: Le Petit Lunetier is a premium eyewear brand with ASP of ~Rs.2,000–5,000+. Lenskart stated that the investment is part of its brand portfolio strategy, enabling it to introduce and scale the brand across its omnichannel network in India and other operating markets, without expanding into LPL’s existing European retail/wholesale operations. As Lenskart introduces more higher-ASP brands across its store network, premiumisation could be margin accretive; continued addition of such brands in India could also help narrow the ASP gap between its India and international businesses, providing a structural positive for margins.

Impact: Neutral

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