Macquarie Maintains Outperform Rating on Lenskart with ₹600 Target Price, Flags 35%+ EBITDA CAGR Potential
Macquarie has maintained an Outperform rating on Lenskart with a target price of ₹600, citing sustainable growth momentum in India and a projected 35%+ EBITDA CAGR over FY26–29. The brokerage also noted that Lenskart's international sales and margin traction are outperforming India at a similar scale. Macquarie revised its EPS and target price estimates upward by 5%, reflecting strengthened earnings confidence in the eyewear retailer.
02Jun 26
CLSA Initiates Coverage on Lenskart with Outperform Rating and Target Price of ₹604
CLSA has initiated coverage on Lenskart Solutions with an Outperform rating and a target price of ₹604. The brokerage highlights the company's leadership in India's eyewear market, a scalable network of 2,609 stores, and strong profitability potential from product margins and operating leverage. Improving international profitability is also cited as a key positive. Key risks noted include affordability constraints, technology disruption, and the possibility of slower store expansion.
Lenskart Records Block Trade of 59 Million Shares, Approximately 3.4% of Equity Changes Hands
Lenskart recorded a block trade in which 59 million shares changed hands, representing approximately 3.4% of the company's total equity. The transaction highlights significant institutional-level activity in the company's stock. No details on the buyer, seller, or trade price were disclosed in the available data.
HSBC Initiates Hold Rating on Lenskart with Target Price of Rs 513
HSBC has initiated coverage on Lenskart with a Hold rating and Rs 513 target price, recognizing the company's strong D2C backward-integrated business model and TAM expansion strategy. The brokerage projects robust growth with 23% revenue CAGR and 49% EBITDA CAGR, indicating margin improvements. However, premium valuations compared to retail and platform peers limit upside potential, leading to the neutral Hold recommendation despite strong fundamentals.