Resurfacing HSBC's April 2026 call: Lenskart's India store base seen scaling from 2,500 to about 7,000
In a note first issued in April 2026, HSBC initiated coverage on Lenskart with a Hold rating and Rs 513 target, implying about 2% upside. The brokerage saw room for the omnichannel eyewear retailer to expand its India network from roughly 2,500 stores to around 7,000 over the long term.
HSBC initiated Lenskart with a Hold and Rs 513 target, saying valuation captures much of its growth. The brokerage expects the eyewear retailer to leverage its integrated omnichannel model and expand from about 2,500 to around 7,000 India stores.
Why this matters
The resurfaced HSBC call adds store-network scale to recent signals on Lenskart's 7,000-store ambition and its competition with Titan in India's eyewear market.
Store-opening is steady, with 1,439 signals recorded over the past 90 days.