Resurfacing HSBC’s April 2026 view: Lenskart’s India network seen scaling from 2,500 to 7,000 stores
Resurfacing an April 2026 call, HSBC had initiated coverage of Lenskart with a Hold rating and a Rs 513 target, citing limited near-term upside. The brokerage nevertheless saw room for the eyewear retailer to expand its India network to about 7,000 stores, supported by sub-one-year store paybacks and growing organised-market demand.
HSBC initiated Lenskart with a Hold rating and Rs 513 target, citing limited valuation upside despite strong unit economics. The brokerage sees Lenskart scaling from about 2,500 to 7,000 India stores, supported by integrated manufacturing, supply chain and growing organised eyewear demand.