Analysts/Institutional Investor Meet/Con. Call Updates

Lenskart Solutions Limited (Earlier known as Lenskart Solutions Private Limited) Date: November 10, 2026 National Stock Exchange of India Limited BSE Limited The Listing Department, Department of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai - 400 051 Mumbai - 400 001 Scrip Symbol: LENSKART S c r i p C o d e : 5 4 4600 Sub.: Transcript of Earnings Call with respect to Financial Results for the quarter and half-year ended September 30, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of the Earnings Call conducted on November 4, 2026. The above information will also be hosted on the Company’s website viz. https://www.lenskart.com/corporate/investorrelations. Kindly take the same on record. Thanking you, Yours Sincerely, For Lenskart Solutions Limited (Formerly known as Lenskart Solutions Private Limited) Ashish Kumar Srivastava Company Secretary and Chief Compliance Officer Membership No.: F5325 Place: New Delhi Registered & Corporate Office: 6 Worldmark, 8th Floor, Gateway District, Delhi Aerocity, New Delhi 110037 Website: www.lenskart.com | Email: compliance.officer@lenskart.com | Phone: 0124 – 4293191 CIN: L33100DL2008PLC178355 Lenskart Solutions Limited Q2 FY27 Earnings Conference Call November 04, 2026 MANAGEMENT: Peyush Bansal – Co-Founder and Chief Executive Officer – Lenskart Solutions Limited Abhishek Gupta – Chief Financial Officer – Lenskart Solutions Limited Vaibhav Sachdeva – Investor Relations – Lenskart Solutions Limited Page 1 of 16 Lenskart Solutions Limited November 04, 2026 Moderator: Ladies and gentlemen, good evening and welcome to Lenskart Q2 FY27 Earnings Conference Call. To present the results, we have with us Mr. Peyush Bansal, Co-Founder and Chief Executive Officer, Mr. Abhishek Gupta, Chief Financial Officer, and Mr. Vaibhav Sachdeva, Investor Relations. Please note that this call is being hosted on Zoom with the presentation on display. For participants who would like to view the presentation alongside the discussion, please join via a Zoom link shared in advance. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, you may use the chat option to interact with the moderator. Please note that this conference is being recorded. I now hand the conference over to Mr. Vaibhav Sachdeva, Investor Relations from Lenskart. Thank you, and over to you. Vaibhav Sachdeva: Thank you. Good evening, everyone, and thank you for joining Lenskart's Earning Call for the second quarter of Fiscal Year 2027. Before we begin, I would like to remind you that some of the statements we make today may be forward-looking in nature and are subject to risks and uncertainties. The conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. We have uploaded our Quarter 2 results and a detailed shareholder letter on our website and stock exchanges. Please note that consistent with our IPO prospectus, the numbers we present today are on a pro forma basis for like-to-like comparison unless stated otherwise. Pro forma financials consider Dealskart, Meller and GeoIQ as if they had always been part of the company, whereas reported financials include them only from their acquisition dates. From Q3 Fiscal 2026 onwards, the two are identical; the difference exists, only, in the prior year comparatives, Q2 Fiscal 2026 and H1 Fiscal 2026. We will begin today's session with opening remarks from Peyush and Abhishek. During this time, everyone will be on mute. Following the presentation, we will open up for Q&A. With that, I would like to hand over to Peyush. Peyush Bansal: Good evening, everyone, and thank you for joining us. As always, we are grateful for the trust you place in us with your capital and with your eyes. The size and depth of the vision care problem are far greater than we can imagine. Last quarter I touched upon this, and numbers this quarter only reinforce our belief in the scale of the problem and opportunity. To begin with, let me take you through the key financial highlights of the quarter. Revenue grew 32.5% year- on-year to ₹2,845 crores. EBITDA grew to ₹624 crores, a 46.6% jump year on year. EBITDA Pre-Ind AS grew 65%, twice as fast as revenue, with margin expanding from 11.1% to 13.8%. PAT more than doubled to ₹232 crores. Page 2 of 16 Lenskart Solutions Limited November 04, 2026 For the half year, revenue of ₹5,559 crores increased 1.3x year-on-year. EBITDA Pre-Ind AS increased 1.8x year-on-year to ₹753 crores. PAT of ₹461 crores is already 87% of the whole of FY26. And on a trailing 12- month basis, we have now crossed ₹10,000 crores of revenue, ₹2,200 crores of EBITDA, ₹1,300 crores of Pre- Ind AS EBITDA, and close to ₹800 crores of PAT on 40 million eyewear units. Like I always say, measure us over years, not quarters. Behind the financials, this quarter we conducted 80 lakh eye tests globally, up 40% year on year. In India, around 70 lakhs, that is 78,000 Indians a day. Units grew 27.1% year on year. We added 165 net new stores globally, taking the network now to 3,624 stores. In Q2, India delivered same-store sales growth of 20.8%. With same pin code growth of 27.1%. We have said too little about Hustlr Club. A face scan on the app and a complete pair, frame, lenses, and warranty, all for ₹500. Lakhs joined this quarter, many owning glasses for first time. It is one of the ways how we hope the next 100 million Indians find us. Also, this quarter, Lenskart Gold crossed 1 crore active members in India, up 39% year-on-year, with ₹73 crores of gold fees collected in the quarter, up 55% from last year. It is the quietest and most powerful thing we are building. Our brands are also learning to speak the culture. This quarter we have launched John Jacobs with Masaba. We also launched Shunya, which brings Indian classical music into a frame, a beautiful collection right down to details inspired by the sitar and flute. We brought it to life with Sounds of Shunya, 10 artists across 5 evenings including classical vocalists, sitarists, and popular musician duo The Backstage Siblings. In Singapore, we launched a Game of Thrones collection. From the iconic emblems of the great houses, temples shaped by swords and armor, to the 3 words every fan knows Winter is coming - every detail of that world is captured on the frame. And this week only, we have launched John Jacobs with designers Shantanu and Nikhil. If you look closely, you will see the intricate details - the S&N mark on the frame, a thin metal line along the temples, and their signature navy and cherry red colors tucked into the hinges. This is the kind of craft we are building into our frames, and Meller’s unique take on Diwali is launching today. And now the number we watch most closely. Our Net Promoter Score. Opening a store a day while holding our standard is hard. India NPS, as you are aware, dipped to 77.6 in June, but we assured you that we have been working hard to get back to our NPS levels. I'm happy to share with you that in this quarter it is back at 79.6. That recovery, on a ship this size, is what we are proudest of this quarter. Last quarter we told you Indians - India has not bought its glasses yet. By 2030, 94 crore Indians will require glasses, and this is the goal. It is why we say India needs at least 10,000+ Lenskart stores. It is only fair that we tell you what kind of company it will take to change that. And show you where we are on building it. We believe it n [Showing first 8,000 characters — download PDF for full document]