Lenskart's 7,000-store India network plan resurfaces, as HSBC's April coverage start at Hold gets fresh attention
HSBC's April 2026 initiation of Lenskart at Hold with a Rs 513 target, seeing about 2% upside despite a potential expansion from roughly 2,500 to 7,000 India stores, is resurfacing now. The broker cited sub-one-year store payback and integrated operations as key growth enablers.
HSBC initiated Lenskart at Hold with a Rs 513 target, citing limited valuation upside despite strong growth prospects. The eyewear retailer could expand its Indian network from about 2,500 to 7,000 stores, supported by integrated manufacturing, supply chain and attractive store economics.
Why this matters
The signal follows recent coverage saying HSBC sees Lenskart's India network scaling from 2,500 to 7,000 stores and that the 7,000-store push resurfaced alongside its April Hold call.
Store-opening is steady, with 1,593 signals in 90 days; no QoQ comparison was supplied.