HSBC's April Hold call on Lenskart resurfaces as eyewear chain maps 7,000-store India opportunity
HSBC had initiated coverage in April with a Rs 513 target price, implying about 2% upside, saying Lenskart's valuation already reflects much of its growth. The brokerage cited an integrated supply chain, sub-one-year store payback and scope to grow India stores from roughly 2,500 to 7,000.
HSBC initiated Lenskart at Hold with a Rs 513 target, saying valuation captures much of its growth. The brokerage highlighted Lenskart’s integrated supply chain, sub-one-year store payback and potential expansion from roughly 2,500 to 7,000 India stores.
Why this matters
The resurfaced HSBC call follows signals on Lenskart’s tech-led store rollout versus Titan and faster store growth with stronger margins, reinforcing network expansion as a central competitive lever.
Store-opening is steady, with 1,364 retail signals recorded in the past 90 days.