Lenskart Net Losses Increase By 78% During 2016
Wednesday, January 4, 2017, 6:13 PM
According to documents filed with Registrar of Companies, losses of Lenskart Solutions Ltd. increased by 78% to INR 113 crores in 2015-16 from a year ago. However it has posted 63% jump in revenues to INR 99 crores. Lenskart has seen loss margins widen 113% in FY 2015-16 from 104% in FY 2014-15. The Company is spending more to generate one unit of sales.