Archive · 19 Jan 2026
Lenskart Shares Dip After Antique Initiates Coverage
Lenskart is a company that sells eyewear.
A financial analyst group called Antique Stock Broking recently started watching Lenskart.
They think Lenskart is doing well and growing fast, but they don't think the stock price will go up much more in the short term.
Lenskart makes a lot of money from selling glasses and has many stores around the world.
They also use technology to make their business more efficient.
The analysts believe Lenskart has a bright future, but the stock is already priced high, so they recommend holding onto it rather than buying more.
Lenskart shares are down nearly 2% after Antique Stock Broking initiated coverage with a 'Hold' rating.
Antique Stock Broking set a target price of Rs 455, implying a 1% upside from the current market price.
Lenskart's revenue grew at a 33% CAGR between FY23 and FY25, reaching Rs 6,660 crore.
The company turned profitable, with pre-Ind AS EBITDA improving from a loss of Rs 37.1 crore in FY23 to a profit of Rs 380 crore in FY25.
Lenskart operates 2,949 stores globally and conducted 1.33 crore eye tests in FY25, with 46% being first-time tests.
- Who
- Lenskart Solutions, Antique Stock Broking
- What
- Antique Stock Broking initiated coverage on Lenskart Solutions, setting a target price of Rs 455 with a 'Hold' rating.
- When
- Current market conditions and historical data from FY23 to FY26
- Where
- Global markets, with a focus on India and international operations
- Why
- To assess Lenskart's growth potential and current valuation
- Current Share Price
- Down nearly 2% intra-day
- Target Price
- Rs 455
- Revenue Growth (FY23-FY25)
- 33% CAGR
- Total Revenue (FY25)
- Rs 6,660 crore
- Eyewear Units Sold (FY25)
- 2.72 crore
- Pre-Ind AS EBITDA (FY25)
- Rs 380 crore
- EBITDA Margin (H1 FY26)
- 9.6%
- Global Stores (H1 FY26)
- 2,949
- Eye Tests Conducted (FY25)
- 1.33 crore
- First-Time Eye Tests (FY25)
- 46%