Archive · 30 Dec 2025
Emkay Global Predicts 6x Growth for Lenskart
Emkay Global, a financial services company, thinks Lenskart, a big eyewear seller in India, will grow a lot in the next few years.
They say Lenskart is the biggest in the eyewear business in India, with a 5% market share.
The company makes and sells its own products, which helps it keep costs low.
It also uses cool technology like virtual try-ons and AI to help customers and find good places to open new stores.
The eyewear industry in India is growing fast, and Lenskart is expected to open many more stores.
Emkay Global thinks Lenskart's stores make money back quickly, which means the company can grow without spending too much.
Overall, they think Lenskart is a great company to invest in.
Emkay Global initiated coverage on Lenskart with a 'Buy' rating and a target price of Rs 525, implying over 16% upside.
Lenskart is India's largest eyewear retailer with a 5% market share and revenue of Rs 4,000 crore in FY25.
The company's technological advancements, such as remote optometry and virtual try-ons, enhance customer experience and reduce costs.
The Indian eyewear industry is expected to grow at a 13% CAGR, with Lenskart aiming to expand its store network to 6,700 stores in a decade.
Lenskart's store-level payback period is under one year, enabling faster expansion with healthy unit economics.
- Who
- Emkay Global, Lenskart Solutions
- What
- Emkay Global predicts 6x growth for Lenskart
- When
- Current and future projections
- Where
- India
- Why
- Market leadership, technological advancements, and industry tailwinds
- Company
- Lenskart Solutions
- Brokerage Rating
- Buy
- Target Price
- Rs 525
- Current Market Share
- 5%
- Revenue (FY25)
- Rs 4,000 crore
- Expected Store Growth
- 6,700 stores in a decade
- Industry Growth Rate
- 13% CAGR
- Store Payback Period
- Under one year