India's Lenskart rises as Jefferies initiates with 'buy'

Lenskart Solutions

28/11/2025 04:07

** Shares of Indian eyewear retailer Lenskart Solutions LENS.NS rise 1.5% to 413 rupees

** Brokerage Jefferies initiates coverage of stock with "buy" rating; sets PT at 500 rupees

** Says co India’s largest organized eyewear retailer and among Asia’s top two players

** Says its vertically integrated omni-channel model ensures cost efficiency, rapid delivery, and superior customer experience

** Over FY25-28, sees adjusted EBITDA to grow at more than 50% Compounded Annual Growth Rate (CAGR) with margin expansion of 600 bps, led by operational leverage and international gross margins improvement

** Co's current market share is just about 5% of the overall market, indicating substantial growth headroom- Jefferies

** LENS up 2.3% since listing on Nov 10

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))