Lenskart's 7,000-store India target resurfaces as HSBC's Hold rating from its April 2026 coverage initiation recirculates
HSBC's initiation of coverage on Lenskart with a Hold rating and a Rs 513 target—citing limited upside despite strong store economics—is resurfacing from April 2026. The eyewear retailer's plan to grow its India network from about 2,500 stores to around 7,000, backed by its integrated supply chain and omnichannel model, dates to that same period.
HSBC initiated Lenskart with a Hold and Rs 513 target, citing full valuation despite strong unit economics. The eyewear retailer plans to expand its India network from roughly 2,500 to 7,000 stores, supported by integrated supply chain and omnichannel capabilities.
Why this matters
The resurfaced April 2026 coverage aligns with recent signals on Lenskart's 7,000-store ambition, HSBC's Hold initiation, and India network expansion from about 2,500 stores.
Store-opening is steady at 1,648 signals in 90 days; QoQ change was not provided.