HSBC starts Lenskart at Hold despite its stated 7,000-store expansion ambition
HSBC has initiated coverage of Indian eyewear retailer Lenskart with a Hold rating, even as the company pursues a stated plan to grow its store network to 7,000 locations. The underlying report was inaccessible, limiting visibility on the analyst’s rationale and timing assumptions.
HSBC initiated coverage of Indian eyewear retailer Lenskart with a Hold rating, despite the company’s stated plan to expand to 7,000 stores. The source article could not be accessed because of a 403 error.
Why this matters
The signal follows related coverage saying HSBC sees Lenskart's India network rising from 2,500 to 7,000 stores and a recirculated April 2026 Hold initiation, reinforcing focus on the retailer's expansion pace.
Store-opening is steady, with 1,653 signals in the past 90 days; no quarter-over-quarter comparison is provided.