Following impressive Q2 earnings and a 'Buy' rating from Jefferies with a target of ₹500, Lenskart Solutions shares increased by more than 5%. With a strong hybrid operating model and a small 5% market share in India's optical category, the company has development potential.
The share price of Lenskart Solutions: Following impressive Q2 earnings and the start of coverage by international brokerage Jefferies, shares of Lenskart Solutions increased more than 5% in intraday trading on Monday, December 1.
With a target price of ₹500 and a "Buy" rating, Jefferies indicated a possible 23% increase from present levels. Lenskart's distinctive structure, multi-channel operating model, and measured expansion approach, according to the brokerage, provide great visibility for long-term earnings growth.
The share price of Lenskart Solutions: Following impressive Q2 earnings and the start of coverage by international brokerage Jefferies, shares of Lenskart Solutions increased more than 5% in intraday trading on Monday, December 1.
With a target price of ₹500 and a "Buy" rating, Jefferies indicated a possible 23% increase from present levels. Lenskart's distinctive structure, multi-channel operating model, and measured expansion approach, according to the brokerage, provide great visibility for long-term earnings growth.
In a sizable and underserved market, Jefferies emphasized the company's poor penetration. "Lenskart, India's largest tech-driven eyewear retailer, holds just 5% market share, offering strong growth potential," the brokerage wrote in its analysis. The eyeglass chain has a lengthy runway for development since, although being the most organized player, it only holds a small portion of India's rapidly expanding optical market.
Lenskart Q2 Outcomes
Investor enthusiasm was further bolstered by Lenskart's strong performance in the July–September quarter. Compared to ₹85.4 crore during the same time previous year, net profit increased 19.7% year over year to ₹102.2 crore. Profit increased 70.3% sequentially, which was significantly more than the ₹60 crore recorded in Q1 FY26. Compared to ₹10.4 crore in Q1, the company reported no unusual losses this quarter.
Lenskart Q2 Outcomes
Investor enthusiasm was further bolstered by Lenskart's strong performance in the July–September quarter. Compared to ₹85.4 crore during the same time previous year, net profit increased 19.7% year over year to ₹102.2 crore. Profit increased 70.3% sequentially, which was significantly more than the ₹60 crore recorded in Q1 FY26. Compared to ₹10.4 crore in Q1, the company reported no unusual losses this quarter.
Revenue increased from ₹1,735.6 crore in Q2 FY25 to ₹2,096 crore, a 20.8% year-over-year increase. Revenue climbed 10.6% sequentially from ₹1,894.4 crore in the prior quarter. Higher demand through both online and offline channels was the company's explanation for the increase in revenue.
Jefferies on Lenskart
According to Jefferies, Lenskart's hybrid operational structure—which includes in-house manufacturing, retail locations, and internet sales—is crucial to increasing profits and enhancing consumer satisfaction. The retailer can minimize expenses, shorten delivery times, and keep consumer involvement consistent across markets with the use of this integrated architecture.
Jefferies on Lenskart
According to Jefferies, Lenskart's hybrid operational structure—which includes in-house manufacturing, retail locations, and internet sales—is crucial to increasing profits and enhancing consumer satisfaction. The retailer can minimize expenses, shorten delivery times, and keep consumer involvement consistent across markets with the use of this integrated architecture.
Additionally, the brokerage noted that over 85% of Lenskart's operational profit still originates from India, highlighting the significance of the home market as the company's most potent growth engine. Analysts predict that Lenskart will profit from both rising discretionary expenditure and lifestyle adoption as eyewear consumption continues to rise in urban and semi-urban areas.
Lenskart currently operates in more than ten nations. A combination of organic growth and smart acquisitions, such as Owndays in Asia and Stellio/Meller in Europe, have fueled much of this global push. Jefferies thinks Lenskart can increase market shares because of its effective supply chain and unique cost structure, even though worldwide markets are growing at a slow 3–7%.
Lenskart currently operates in more than ten nations. A combination of organic growth and smart acquisitions, such as Owndays in Asia and Stellio/Meller in Europe, have fueled much of this global push. Jefferies thinks Lenskart can increase market shares because of its effective supply chain and unique cost structure, even though worldwide markets are growing at a slow 3–7%.
"While investors often view the international foray with skepticism given the track record of Indian firms, we see a strategic rationale for Lenskart," the brokerage said in response to investor concerns about foreign expansion. As the business integrates its systems and increases operational efficiency across areas, it anticipates an improvement in international margins.
The firm anticipates a robust multi-year financial performance. Due to increased transaction volumes and repeat business, Jefferies projects that Lenskart's revenue would increase by about 24% between FY25 and FY28. Additionally, it projects that operating leverage and increased gross margins will help adjusted EBITDA expand at a 50%+ CAGR over the same time frame. "Attractive unit economics and quick paybacks should drive 50%+ adj. EBITDA CAGR FY25–28E," the paper continues.
The firm anticipates a robust multi-year financial performance. Due to increased transaction volumes and repeat business, Jefferies projects that Lenskart's revenue would increase by about 24% between FY25 and FY28. Additionally, it projects that operating leverage and increased gross margins will help adjusted EBITDA expand at a 50%+ CAGR over the same time frame. "Attractive unit economics and quick paybacks should drive 50%+ adj. EBITDA CAGR FY25–28E," the paper continues.
The corporation is anticipated to retain a net-cash balance sheet during this time, with earnings per share (EPS) growing at a rate of almost 44% yearly.
Performance of Lenskart Stock
The stock increased by 5.1% during Monday's session, reaching an intraday high of ₹432.35. On November 10, 2025, Lenskart went public at ₹395 per share, which was 3% less than the ₹403 offering price. The stock is currently trading just over 7% above its issue price due to the most recent spike.
As the company moves into its next stage of growth, Lenskart's strong financials, aggressive but careful expansion, and strong support from international brokerages seem to be boosting investor confidence.
Performance of Lenskart Stock
The stock increased by 5.1% during Monday's session, reaching an intraday high of ₹432.35. On November 10, 2025, Lenskart went public at ₹395 per share, which was 3% less than the ₹403 offering price. The stock is currently trading just over 7% above its issue price due to the most recent spike.
As the company moves into its next stage of growth, Lenskart's strong financials, aggressive but careful expansion, and strong support from international brokerages seem to be boosting investor confidence.
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