Lenskart Solutions

** Shares of omnichannel eyewear retailer Lenskart Solutions LENS.NS up 2.65% at 655.15 rupees--biggest pct jump in about two weeks

** Stock snaps five consecutive sessions of losses

** Nomura initiates coverage of co with "buy" rating; street high PT of 888 rupees

** Lenskart spent a decade building centralised manufacturing, remote optometry, and an asset-light store network, capabilities that a fragmented eyewear industry has struggled with--Nomura

** Brokerage says co's international expansion keeps it on track to become global leader

** Co also stands to benefit from untapped pool of margin improvement through scale and better mix such as progressive lenses

** 17 out of 21 analysts rate the stock "buy" or higher, median PT of 666 rupees

** YTD, shares up 44.82%

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

Lenskart Solutions shareholder SVF II Lightbulb (Cayman) Limited sold 4.5 crore equity shares in the open market on August 24, reducing its holding from 9.86% to 7.27%. The sale represented 2.59% of Lenskart's total equity and left the seller with 12.64 crore shares. SVF II Lightbulb was not classified as part of the promoter or promoter group. Another pre-IPO investor, Platinum Jasmine A 2018 Trust, sold 4 crore shares, or 2.30%, on June 11.

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** Shares of eyewear retailer Lenskart Solutions LENS.NS up 3.1% at 626.45 rupees--biggest percentage jump in over two months

** Co receives certificate of incorporation for Wenzhou Framekart Trade, a step-down subsidiary in China

** Lenkart's joint venture, Baofeng Framekart Technology (BFT) Limited, holds 95% of equity interest in new unit

** BFT will invest RMB 1 million into new unit

** Entity set up to undertake business of trading, import, export, and procurement of spectacle frames and allied optical products

** Stock's F12M PE at 103.47 vs industry median of 35.20--LSEG- compiled data

** YTD, shares up 38.95%

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

** Shares of Lenskart Solutions LENS.NS rise 2.5% to 600.75 rupees

** Eyewear maker's Q1 profit nearly quadruples on strong demand for its prescription eyewear

** BofA says LENS' earnings beat was largely driven by its overseas business, with domestic business remaining steady

** HSBC says remote eye testing has been key driver of aggressive expansion for stores in tier II and beyond cities

** Citi analysts say they will remain watchful of LENS' growth in H2 given the high base; cites co's strong execution across all parameters

** LENS rated "buy" on avg by 7 analysts; median PT is 650 rupees - LSEG compiled data

** YTD, stock up 33.3%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

BENGALURU, Aug 12 (Reuters) - Indian eyewear retailer Lenskart Solutions LENS.NS posted a near four-fold increase in quarterly profit on Wednesday, boosted by strong demand for its prescription eyeglasses.

Here are some more details:

• Net profit for the quarter ended June 30 surged to 2.22 billion rupees ($23.3 million) from 600.6 million rupees in the same period last year.

• Consolidated sales for the quarter stood at 27.14 billion rupees, up 43.27% from 18.94 billion rupees.

• Revenue from its mainstay India business, from which it derives over half the revenue, grew 30.9%, where same-store sales growth was at 18.3%.

• Revenue from Lenskart's international segment surged 63.4%, due to favourable currency movements and same-store growth.

• Its average selling price for the quarter in India rose 6.4% to 1,856 rupees due to a shift in product mix toward premium products and progressive lenses.

($1 = 95.3300 Indian rupees)

(Reporting by Haripriya Suresh; Editing by Mrigank Dhaniwala)

(([email protected];))

By Bharath Rajeswaran

Aug 7 (Reuters) - India's market outlook is strengthening as bank credit growth reaches its fastest pace in more than a decade, foreign equity inflows return and central bank measures support the rupee, according to Jefferies.

"There are some positives to be aware of as regards the Indian domestic story," Christopher Wood, Jefferies' global head of equity strategy, said in his latest GREED & fear note published on Friday.

Against this backdrop, Jefferies has reshaped its India long-only portfolio. HDFC Bank HDBK.NS, India's largest private lender and the heaviest stock in benchmark indexes, is being removed alongside PolicyBazaar-owner PB Fintech PBFI.NS.

MCX MCEI.NS and Lenskart Solutions LENS.NS will replace them, while REC RECM.NS makes way for Bajaj Finance BJFN.NS. Eternal's ETEA.NS allocation rises by one percentage point, funded by a reduction in Bharti Airtel BRTI.NS.

Foreign investors bought a net $2.12 billion of domestic equities in July as India benefited from the unwind out of the memory chip trade. However, they remain net sellers for the year, with outflows totaling $25.86 billion, according to National Securities Depository.

The more important signal, Wood said, is the acceleration in domestic lending, which has climbed to 17–18% year-on-year, led by corporate lending of about 20%. Loans to agriculture and retail borrowers are also expanding at healthy rates, underscoring broad-based demand.

Policy-driven inflows are adding a macro cushion. The Reserve Bank of India's foreign-currency inflow scheme, including non-resident deposits, external commercial borrowings and foreign-currency bonds, had mobilized about $41 billion by the end of July, and Jefferies expects inflows to reach $80 billion–$100 billion by the September 30 deadline.

The removal of tax on interest income on foreign purchases of government bonds has also generated $8.7 billion in net inflows since early June, per exchange data.

"All this increases the likelihood that the rupee should stabilise," Wood said. The currency recovered to 95.17 per U.S. dollar, as of July 31, from a low of 96.96 in May.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema)

(([email protected]; +91 9769003463;))

** Shares of Laurus Labs LAUL.NS, Adani Energy ADAI.NS, Lenskart LENS.NS and Groww BILO.NS add between 1%-2.3%

** Brokerages expect stocks to be included in MSCI India Standard index in its upcoming rejig on August 13, 2026

** Nuvama Alternative and Quantitative Research expect LAUL to garner $518 million upon inclusion

** ADAI, LENS and BILO could attract passive flows between $260 million and $324 million

** Eternal ETEA.NS weightage tipped to increase, according to Nuvama's estimates; says it could lead to $648 million in passive inflows; ETEA down 0.7% on the day

** YTD, LAUL up 44%, ADAI gains 70%, LENS adds 22%, while BILO jumps 31.5%, compared to 7.5% drop in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MacRitchie Investments Pte. Ltd., a Singapore-based entity, sold 35.7 million shares in Lenskart Solutions on July 10, cutting its stake from 6.80% to 4.75% in an open market transaction worth roughly ₹1,920 crore. The sale, which involved its persons acting in concert, pushed the combined holding below the 5% regulatory threshold. The disclosure comes weeks after similar divestments by SoftBank (3.25% in June) and an Abu Dhabi Investment Authority-linked trust (2.30% in June), signalling rebalancing by key institutional investors. Lenskart, India's largest eyewear retailer, has a market capitalisation of about ₹93,600 crore.

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** India's Lenskart Solutions LENS.NS up 1.6% to 502 rupees per share

** Brokerage UBS initiates coverage of omnichannel retailer with "buy" rating; sets street high TP of 730 rupees

** UBS notes LENS' value innovation strategy of offering products of comparable quality to peers at nearly half the price has helped it gain market dominance

** LENS India division nearly 6x larger than pioneer Titan, UBS notes

** Co's aggressive network rollout and network effect will drive further growth in market share over the next five years

** Four out of 7 brokerages rate LENS "buy" or higher, median PT 600 rupees - LSEG compiled data

** YTD, stock up 10.8%

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

Platinum Jasmine A 2018 Trust, an entity linked to Abu Dhabi Investment Authority, sold 4 crore shares in Lenskart Solutions on June 11, paring its stake from 12.08% to 9.78%. The transaction, executed through open market trades, is worth roughly ₹2,000 crore based on Lenskart's current market capitalisation of about ₹87,119 crore. The sale pushed the investor below the 10% threshold, a level that often triggers governance and disclosure changes. The move follows a similar 3.25% stake sale by SoftBank just eight days earlier, raising questions about selling pressure among large institutional holders. Lenskart, India's largest eyewear retailer, operates over 3,300 stores and reported revenue of ₹90 billion for the year ended March 2026.

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June 11 (Reuters) - Lenskart Solutions Ltd LENS.NS:

• PLATINUM JASMINE A 2018 TRUST SELLS 40 MILLION LENSKART SOLUTIONS SHARES VIA BLOCK DEAL ON NSE - EXCHANGE DATA

Source text: [ID:]

Further company coverage: LENS.NS

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SoftBank sold 56.5 million shares in Lenskart Solutions on June 3, reducing its stake from 13.11% to 9.86% in an open market transaction worth roughly ₹2,859 crore. The disposal pushed the Japanese investor below the 10% threshold, which could alter its governance rights. Lenskart, India's largest eyewear retailer, has a market capitalisation of about ₹88,000 crore. The sale marks the first major reduction by SoftBank in Lenskart since its 2021 investment.

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June 3 (Reuters) - SoftBank 9984.T has sold a 3.25% stake in Indian eyewear retailer Lenskart Solutions LENS.NS via a block deal, data from the National Stock Exchange showed on Wednesday.

• SoftBank, via its affiliate SVF II Lightbulb (Cayman), offloaded 56.5 million shares at 508.55 Indian rupees each, making the transaction worth 28.73 billion rupees ($300.2 million).

• The share sale was executed at a nearly 3% discount to Lenskart's closing price on Tuesday.

• Buyers included Fidelity, the Los Angeles City Employees' Retirement System and mutual funds by ICICI Prudential and Kotak Mahindra.

• SoftBank held a 13.13% stake in Lenskart as of March-end, exchange data showed.

• For the March quarter, Lenskart reported a near 9% drop in net profit, while its revenue rose 46% to 25.16 billion rupees.

($1 = 95.7050 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Diti Pujara)

(([email protected];))

** Shares of India's Lenskart Solutions LENS.NS jump as much as 6.2% to 517 rupees; last up 1.7%

** Eyewear retailer's Q4 consol revenue from ops jumped 45.6% y/y, led by domestic and international revenue growth

** Net profit fell 8.5%, hurt by a rise in expenses

** Total expenses rose 34% y/y

** EBITDA margins expanded to 21.3% from 18.6% a year earlier

** Jefferies ("buy", PT: 492.70 rupees) raises EBITDA estimates for FY27-FY28 by 7%-11%

** Adds co's AI-led initiatives could drive faster growth, profitability

** Goldman Sachs sees sustained earnings upgrades as growth momentum, margin gains continue

** LENS rated "buy" on average by 7 analysts, median PT: 565 rupees - LSEG data

** YTD, stock up ~12%

($1 = 96.8200 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

(([email protected];))

May 20 (Reuters) - Lenskart Solutions Ltd LENS.NS:

• LENSKART SOLUTIONS - APPROVES ACQUISITION OF ADDITIONAL SHAREHOLDING IN OWNDAYS INC. BY SUBSIDIARY

• LENSKART SOLUTIONS MARCH-QUARTER CONSOL NET PROFIT 2 BILLION RUPEES

• LENSKART SOLUTIONS LTD - APPROVES INVESTMENT IN LENSKART SOLUTIONS PTE.

• LENSKART SOLUTIONS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 25.16 BILLION RUPEES

Source text: ID:nNSE79q041

Further company coverage: LENS.NS

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** HSBC initiates coverage of eyewear retailer Lenskart Solutions LENS.NS with "hold", PT of 513 rupees

** Says co's tech-led, vertically integrated model driving rapid share gains and looks hard to replicate

** Expects Lenskart's market share gains to continue (24% organised share by FY30)

** Says key debate is valuation, not business quality, with strong growth, margin expansion already visible across India, international operations

** Adds strong store-led growth, margin gains driving profits, shifting attention to valuation

** Notes co should be valued as high-growth retailer with strong technology backbone, rather than pure internet platform

** Says upside risks include same-store sales growth, margin-led earnings upside; downside risks are slower growth, delayed margin expansion

** LENS up 0.2% at 496 rupees

** Stock rated "buy" on average; median PT is 550 rupees, per data compiled by LSEG

** YTD, LENS up ~9%

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

** Shares of India's Lenskart Solutions LENS.NS jump 3.3% to 495.50 rupees

** Motilal Oswal initiates coverage of eyewear retailer with "buy" rating, TP at 600 rupees

** Brokerage expects strong revenue and profit growth over FY25–28, sees margin expansion with scale

** Says co's strong online-offline presence and in-house production are key strengths

** Stock rated "buy" on average by seven analysts, median PT at 525 rupees -- data compiled by LSEG

** LENS up 6.5% so far in 2026

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Lenskart Solutions LENS.NS shares jump as much as 12% to hit record high since Nov listing, last up 9% at 516 rupees

** Eyewear retailer reports Q3 profit surge on strong demand for prescription eyeglasses

** Trading volume at 5.7 mln shares vs 30-day avg of 1.5 mln shares

** Stock, on avg, rated "buy" by seven analysts covering it, median TP 527.50 rupees - data compiled by LSEG

** YTD, stock up about 15%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Feb 11 (Reuters) - Lenskart Solutions Ltd LENS.NS:

• LENSKART SOLUTIONS Q3 CONSOL NET PROFIT 1.31 BILLION RUPEES

• LENSKART SOLUTIONS Q3 CONSOL REVENUE FROM OPERATIONS 23.08 BILLION RUPEES

Source text: [ID:]

Further company coverage: LENS.NS

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** Antique Stockbroking initiates coverage of Indian eyewear co Lenskart LENS.NS with "hold" (PT 455 rupees)

** Broker notes co is scaling fast and profitably in a favourable industry landscape - only 24% of Indian eyewear sector is organized, while other markets also have room for growth

** Co's technology-forward approach and centralized supply chain allow for higher operational efficiency and more consistent quality - brokerage

** Enough headroom for 25% CAGR revenue growth in medium term - brokerage

** Current valuations, however, largely factor in growth outlook - brokerage

** Stock, on avg, rated "buy" by 6 analysts; median PT 505 rupees - LSEG data

** LENS currently down 2.04% at 442.1 rupees

** Stock up 117% from listing in November 2025

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

** Shares of Lenskart Solution LENS.NS rise 4.4% to 428. 50 rupees after first earnings since listing

** Eyewear retailer posts ~20% increase in Q2 net profit y/y, consol rev from ops up 21%

** LEN's same stores sales stood at ~15% in Q2 and H1, in line with FY25 trends, and ~20% growth in same-pincode sales indicating market share gains in micro-markets

** Says, customers deferred purchases in September due to GST rate cuts but trend will strengthen in 3Q FY26, store adds should be 450+ in India

** Jefferies retains "Buy" and its estimates, with PT of 500 rupees

** Notes massive store potential in India and calibrated global expansion reinforces that it is still day zero for LENS

** LENS up 6.3% since Nov. 10 listing

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

** Shares of Indian eyewear retailer Lenskart Solutions LENS.NS rise 1.5% to 413 rupees

** Brokerage Jefferies initiates coverage of stock with "buy" rating; sets PT at 500 rupees

** Says co India’s largest organized eyewear retailer and among Asia’s top two players

** Says its vertically integrated omni-channel model ensures cost efficiency, rapid delivery, and superior customer experience

** Over FY25-28, sees adjusted EBITDA to grow at more than 50% Compounded Annual Growth Rate (CAGR) with margin expansion of 600 bps, led by operational leverage and international gross margins improvement

** Co's current market share is just about 5% of the overall market, indicating substantial growth headroom- Jefferies

** LENS up 2.3% since listing on Nov 10

(Reporting by Komal Salecha)

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Adds context in paragraph 5, minor changes throughout

By Vivek Kumar M

Nov 12 (Reuters) - Shares of Billionbrains Garage Ventures BILO.NS, parent of online brokerage Groww, jumped 24% in their market debut on Wednesday, valuing the firm at 761 billion rupees ($8.6 billion) as investors bet on India's retail investing boom after a run of weak listings.

The stock opened at 112 rupees on the National Stock Exchange (NSE) and climbed to 124 rupees, well above its 100-rupee issue price in a $754 million IPO.

The debut valued Groww above listed peers Motilal Oswal Financial Services MOFS.NS and Angel One ANGO.NS, and offered relief to IPO investors after subdued market entries from Lenskart Solutions LENS.NS, Orkla India ORKL.NS, and Studds Accessories STUS.NS earlier this month.

"Groww represents a strong long-term structural story and can act as a proxy for India's expanding capital market participation," said Prashanth Tapse, senior vice-president of research at Mehta Equities.

India's NSE has been adding about 10 million registered investors every six to seven months since March 2021, taking its total investor base to 120 million as of September, the country's largest bourse said.

Groww's listing comes amid a flurry of IPOs in India, where over 300 companies have raised $16.55 billion so far in 2025, according to LSEG data. The country’s primary market is on track to surpass last year's record $20.5 billion, led by big-ticket listings from Tata Capital TATC.NS, LG Electronics India LGEL.NS, and HDB Financial Services HDBF.NS.

Founded in 2016, Groww is among the country's largest online investment platforms, offering trading in equities, mutual funds, and fixed-income products.

Still, some analysts warned that much of the near-term optimism may already be priced in. "The current valuations seem to fully capture the short-term growth prospects, and investors should watch out for a couple of quarterly earnings before making further investment decisions," said Kranthi Bathini, director of equity strategy at WealthMills Securities.

($1 = 87.8950 Indian rupees)

(Reporting by Vivek Kumar M in Bengaluru; Editing by Rashmi Aich and Nivedita Bhattacharjee)

(([email protected];))

Nov 10 (Reuters) - Lenskart Solutions LENS.NS listed at a discount of 1.74% to its issue price on Monday, marking a subdued debut for India's biggest eyewear retailer amid concerns over stretched valuations.

The stock opened at 395 rupees on the National Stock Exchange of India, lower than the issue price of 402 rupees.

(Reporting by Manvi Pant and Vivek Kumar M in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; +918447554364;))