Shares of Lenskart Solutions slid 3% to ₹686.6 at 9:20 am on NSE after a block deal that moved 3.6 crore shares at ₹688 each, totaling ₹2,468 crore, according to the BSE filing.
The company’s Q1 filing showed a net profit of ₹222 crore versus ₹60 crore a year ago, a 270% jump, while revenue rose 43.3% to ₹2,714.2 crore.
Earlier this month, Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, sold 1.7% of the company at ₹682.45 per share for ₹2,047.4 crore, with a 90‑day lock‑up on further sales, per the BSE filing. Softbank Vision Fund II Lightbulb had sold 4.5 crore shares at ₹641.75 per share for ₹2,887.9 crore, and Societe General ODI bought 1.07 crore shares at ₹688.92 per share for ₹688.92 crore.
The block deal is the third such transaction in the past month, following sales by Alpha Wave Ventures and National Pension Systems that moved 1.7% and 0.45% of the company respectively, according to the filing.
Lenskart also experienced a weightage increase in the FTSE All‑Cap Index during the recent rebalancing, generating potential inflows of up to $60 million and helping the stock touch a new post‑listing high, the index provider said.
Despite the dip, the share has gained 56.6% YTD and is 79.5% above its issue price; analysts remain bullish given the company’s revenue trajectory and expanding market share. Investors will watch the upcoming earnings on June 30 and any guidance on capital structure or acquisitions.