India's Lenskart rises as Q1 profit nearly quadruples

Lenskart Solutions

13/08/2026 06:39

** Shares of Lenskart Solutions LENS.NS rise 2.5% to 600.75 rupees
** Eyewear maker's Q1 profit nearly quadruples on strong demand for its prescription eyewear
** BofA says LENS' earnings beat was largely driven by its overseas business, with domestic business remaining steady
** HSBC says remote eye testing has been key driver of aggressive expansion for stores in tier II and beyond cities
** Citi analysts say they will remain watchful of LENS' growth in H2 given the high base; cites co's strong execution across all parameters
** LENS rated "buy" on avg by 7 analysts; median PT is 650 rupees - LSEG compiled data
** YTD, stock up 33.3%


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))