5 top market experts have the same view on Lenskart
Five leading market analysts share a common perspective on Lenskart Solutions, a prominent player in the eyecare services sector. On Thursday, the company's shares rose by up to 7% after it reported a remarkable 182.3% YoY increase in net profit for the first quarter of FY27, reaching Rs 228 crore. Revenue from operations surged 33.6% YoY to Rs 2,214 crore, while EBITDA expanded 61.3% YoY to Rs 589 crore. The company's growth was widespread, with India's revenue up 30.7% YoY and international revenue increasing by 38%.
Consolidated product margin hit a new high of 70.3% in Q1 FY27, up from 68.7% a year prior, and EBITDA margin improved to 21.7% from 18.0%. Lenskart has also introduced a fully loaded Rs 500 product to strengthen its presence at the lower end of the market. Analysts remain bullish on the company's prospects, with Jefferies raising its target price to Rs 680 (16% upside), Morgan Stanley to Rs 666 (14% upside), Goldman Sachs to Rs 715 (22% upside), Macquarie to Rs 675 (15% upside), and Motilal Oswal to Rs 705 (20.3% upside).
While Citi maintains a Neutral rating, it expects strong growth momentum and monitors the second half amid a high base.
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