Lenskart outlines 7,000-store ambition as HSBC starts coverage at Hold
HSBC has initiated coverage of Indian eyewear retailer Lenskart with a Hold rating, even as the company pursues a plan to expand its physical network to 7,000 stores.
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 signal follows recent HSBC coverage noting Lenskart’s India network could grow from 2,500 to 7,000 stores and assigning the eyewear retailer a Hold rating amid its expansion plan.
Store-opening is steady, with 1,642 signals recorded in the past 90 days.