Resurfacing HSBC's April Hold call on Lenskart as 7,000-store India potential is seen as largely priced in
HSBC had initiated coverage of Lenskart with a Hold rating and a Rs 513 target, implying about 2% upside, in a move from April 2026 now resurfacing. The broker sees room for the eyewear retailer to expand from roughly 2,500 stores to 7,000 in India, supported by sub-one-year store paybacks and its integrated model.
HSBC initiated Lenskart with a Hold and Rs 513 target, saying valuation captures much of its growth. It expects Lenskart’s integrated model, rapid store paybacks and category expansion to support a potential 7,000-store India network from roughly 2,500 today.
Why this matters
The resurfaced Hold call follows recent signals on HSBC's 7,000-store India outlook and Financial Express coverage of Lenskart's rivalry with Titan.
Store-opening is steady, with 1,526 signals recorded in the past 90 days.