Lenskart Solutions

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)

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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:

• 38 MILLION SHARES IN LENSKART SOLUTIONS CHANGE HANDS IN BLOCK DEAL ON NSE AT 490 RUPEESPER SHARE - 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)

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** 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)

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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)

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** 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)

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** 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)

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Corrects paragraph 1 to say profit rose seventy times, not nearly sevenfold

Feb 11 (Reuters) - India's largest eyewear retailer Lenskart Solutions LENS.NS posted a seventy-times increase in third-quarter profit on Wednesday, as demand growth for its prescription eyeglasses outpaced a rise in costs.

Consolidated net profit for the quarter ended December 31 surged to 1.31 billion rupees ($14.4 million) from 18.5 million rupees last year, the company said.

Its revenue rose 38.8% to 23.08 billion rupees, outweighing total expenses which rose 28% to 16.9 billion rupees.

In an initiation note, analysts at Antique Stockbroking said that they see significant growth headroom for Lenskart in the largely unorganised eyewear markets of India and Southeast Asia, since they control their own supply chain and distribution.

Revenue from Lenskart's mainstay India business, which forms three-fifths of its topline, rose about 37%, helped by 28% same-store-sales growth in the country.

Revenue from the company's international segment, which includes Southeast Asia, Japan and the Middle East, jumped by nearly 40%.

About 80% of the company's revenue comes from prescription eyeglasses, while sunglasses and contact lenses form the rest, Antique Stockbroking added.

Lenskart's shares have risen 18% since their trading debut on November 10.

($1 = 90.6910 Indian rupees)

(Reporting by Abhirami G in Bengaluru; Editng by Eileen Soreng)

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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)

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** 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)

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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)

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