Lenskart sees runway to 7,000 India stores, as HSBC's April Hold call resurfaces
HSBC initiated Lenskart with a Hold rating and a Rs 513 target back in April 2026, citing limited near-term upside despite a long-term path from about 2,500 to 7,000 India stores. The broker expects organised eyewear to gain share, supported by sub-one-year store payback and margin improvement.
HSBC initiated Lenskart with a Hold and Rs 513 target, saying valuation captures much of its growth. The broker expects organised-eyewear gains, margin improvement and potential expansion from about 2,500 to 7,000 India stores.
Why this matters
The HSBC call adds to recent Lenskart signals on its 7,000-store India ambition and its AI-led eye-care and delivery push, while Titan EyeCare relies on fitting labs.
Store-opening is steady, with 1,421 signals recorded in the past 90 days.