27/3/2026, 10:22:02 am

HSBC sees limited Lenskart upside, targets pre-post listing highs

HSBC initiated coverage on Lenskart Solutions Ltd. with a "hold" rating and a ₹513 price target, 3.6% above its closing levels. Lenskart is expected to grow its revenue and EBITDA by 23% and 49% CAGR over FY2025-2028. The brokerage firm highlighted its backward integration and high-moat business, but limits upside due to its valuation compared to other retailers and platform companies.