Lenskart's stock could jump 26% from here, say brokerages
Motilal Oswal just set the highest target price for Lenskart's stock at ₹600—about 12% above the average estimate and hinting at a possible 26% jump hereon.
With a market cap of ₹83,000 crore, Lenskart is catching serious attention after its latest results.
Ambit Capital is most cautious with a sell rating
Other brokerages have mixed views: Axis Capital sees Lenskart at ₹580, Jefferies and IIFL at ₹575, JM Financial at ₹565, and Morgan Stanley close behind at ₹561.
Emkay and Macquarie both land on ₹550, while Ambit Capital is more cautious with a sell rating and a much lower target of ₹389.
Net profit soared to ₹132 crore (up nearly 70x from a year earlier (Q3 FY25 — quarter ended December 2024))
Lenskart's Q3 FY26 was strong—revenue jumped 38% to over ₹2,300 crore and net profit soared to around ₹132 crore (up nearly 70x from a year earlier (Q3 FY25 — quarter ended December 2024)).
EBITDA margins improved too, though expenses rose by 28%.
International sales grew even faster at 40%
In Q3 alone, Lenskart sold 89 lakh eyewear units (up over 30%), ran 6.3 million eye tests (54% growth), and opened nearly 200 new stores.
India brought in most of the business with revenue up 36%, while international sales grew even faster at 40%.