Lenskart’s 7,000-store ambition meets an HSBC Hold call
HSBC has initiated coverage on Lenskart with a Hold rating as the eyewear retailer pursues a plan to expand its network to 7,000 stores. The underlying report page was inaccessible, so valuation assumptions, targets and expansion timing could not be independently verified.
HSBC initiated coverage on Lenskart with a Hold rating despite the eyewear retailer’s plan to expand its store network to 7,000 outlets. The source page was inaccessible, so further financial targets and timing could not be verified.
Why this matters
The call echoes an April HSBC signal that saw room for 7,000 India stores but began at Hold, while a resurfaced Q2 FY26 filing showed Lenskart in 431 cities after 24% revenue growth.
Store-opening is steady, with 1,582 signals in 90 days; no QoQ change figures were provided.