Culture & Entertainment · India Bureau
Motilal Oswal Lifts Lenskart Price Target on Strong Growth Momentum
Eyewear retailer Lenskart's domestic revenue surged 35% year-on-year in the second quarter, buoyed by expanding store presence and robust same-store sales, prompting the brokerage to raise its valuation target.
LSN India ·
Lenskart's financial performance in the second quarter has prompted Motilal Oswal to elevate its price target for the eyewear retailer, signalling confidence in the company's expansion trajectory across India and international markets.
The company's India operations accelerated sharply, with revenue growth reaching 35% year-on-year during the quarter. The acceleration was underpinned by two key drivers: same-store sales gains reflecting stronger consumer demand and strategic store additions extending the retailer's physical footprint across the country.
Beyond domestic performance, Lenskart's international business also delivered noteworthy results during the period, demonstrating the company's ability to scale operations across geographies. The combined strength of both segments contributed to improved operating margins, reinforcing the company's path toward profitability.
The improved growth metrics and margin expansion have provided Motilal Oswal with greater visibility into Lenskart's business model, supporting the decision to increase its valuation target. The move underscores investor appetite for established players in India's fast-growing eyewear and optical retail sector, which continues to benefit from rising consumer awareness and urbanisation trends across the region.