Lenskart's 7,000-store India target resurfaces as HSBC's April Hold initiation, Rs 513 target, comes back into focus
Resurfacing HSBC's April 2026 coverage initiation on Lenskart, which set a Rs 513 target price implying about 2% upside, even as the eyewear retailer outlines a long-term expansion from roughly 2,500 to 7,000 Indian stores.
HSBC initiated Lenskart with a Hold and Rs 513 target, citing limited valuation upside despite strong growth prospects. The eyewear retailer plans to expand its India network from about 2,500 to 7,000 stores, supported by integrated supply chain, omnichannel operations and rapid store payback.
Why this matters
The signal follows December coverage highlighting 24% revenue growth and 203 India store openings, plus a prior resurfaced HSBC note on scaling Lenskart’s network from 2,500 to 7,000 stores.
Store-opening is steady, with 1,512 retail signals recorded in the past 90 days.