HSBC starts Lenskart at Hold as eyewear retailer targets 7,000 stores
HSBC has initiated coverage of Indian eyewear retailer Lenskart with a Hold rating, even as the company outlines plans to expand its physical network to 7,000 stores. No timeline for the target was specified in the scouted item.
HSBC initiated coverage of Indian eyewear retailer Lenskart with a Hold rating, despite the company’s plan to expand its store network to 7,000 locations.
Why this matters
The initiation follows Lenskart adding 203 India stores in H1 FY26 while scaling testing, delivery and local production. It also revisits HSBC’s April 2026 view that India could support 7,000 stores and keeps the Lenskart–Titan rivalry in focus.
Store-opening is steady, with 1,408 signals recorded in the past 90 days.