Lenskart Increases Stake In French Eyewear Brand
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Lenskart Solutions raises its stake in French eyewear brand Le Petit Lunetier to 34.34%. The move will strengthen its access to the brand across its omnichannel retail network.
Lenskart Solutions Limited has increased its stake in French eyewear brand Le Petit Lunetier Paris SAS (LPL). The investment was made through its wholly owned subsidiary, NESO Brands Pte. Ltd., Singapore.
NESO invested €0.248 million, or around ₹2.71 crore. It acquired an additional 2.52% stake in LPL through the investment. Following the transaction, NESO's stake in LPL rose from 31.82% to 34.34%. In April, NESO bought an additional 2.77% stake for €0.25 million, or around ₹2.77 crore.
Together, the two transactions increased NESO's stake by 5.30 percentage points, from 29.05% to 34.34%
Lenskart Solutions shares closed at ₹686.70 on 23 September, down 0.69% from the previous session’s ₹691.45 close on the National Stock Exchange (NSE).
Investment Supports Lenskart's Brand Portfolio
LPL is an existing associate of NESO and an indirect associate of Lenskart Solutions. It operates as a France-based direct-to-consumer (D2C) eyewear brand under the Le Petit Lunetier name.
The company designs, manufactures and retails eyewear and related products. LPL was incorporated in France in February 2015.
Lenskart said the additional investment forms part of its brand portfolio strategy. Under this strategy, the company selectively invests in or acquires eyewear brands.
These brands can then be introduced and scaled through Lenskart's own omnichannel retail network. The company operates such networks in India and other markets.
The investment is also intended to strengthen Lenskart's position in the Le Petit Lunetier brand. This will support the continued distribution of the brand through Lenskart's own stores and platforms.
However, Lenskart clarified that the transaction is not intended to expand its operations into LPL's existing European wholesale and retail business. LPL will continue to operate that business independently.
LPL Remains An Existing Associate
The latest investment takes Lenskart's indirect interest in LPL to 34.34%. The company said the transaction strengthens its access to the French brand for distribution across its retail and omnichannel network.
The acquisition was completed through a cash consideration. The payment was made through a subscription to newly issued equity shares of LPL. No specific government or regulatory approval was required for the transaction.
LPL is classified as a related party of Lenskart under applicable regulations, as it is an existing associate of NESO and an indirect associate of Lenskart. The company said the transaction was undertaken in compliance with the applicable SEBI Listing Regulations and on an arm's-length basis.
LPL reported turnover of €7.70 million for FY26. Its turnover stood at €7.90 million in FY25 and €6.20 million in FY24. The company has its presence in France and focuses on eyewear and related products under the Le Petit Lunetier brand.
The transaction therefore increases Lenskart's economic interest in an existing portfolio brand. It also provides greater access to the Le Petit Lunetier brand for distribution through Lenskart's wider retail and digital network.
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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