Lenskart Share Price Jumps 14% In A Month; Can the Rally Continue? Target Price in Focus

Lenskart Share Price Today: Shares of Peyush Bansal's eyewear company, Lenskart Solutions Limited, has surged nearly 14% in one month, driven by investors' optimism due to its business updates and strong quarterly earnings. The company is poised to deliver a CAGR of 25%/53% in pro forma consolidated revenue/pre-IND, noted Motilal Oswal in its report, released on Friday, February 20.

Lenskart shares were trading 1.76% higher at Rs 490 per share on BSE with a market capitalisation of Rs 85,043.34 crore at 2:38 pm. The stock had dipped to an intraday low of Rs 477.15 per share and an intraday high of Rs 497.05 per share during the trading session.

Lenskart Share Price Recommendation

The company has built a strong presence in the segment through its centralised and highly automated manufacturing facility, strong backward integration through in-house frame and lens manufacturing. Motilal Oswal, on Friday, revised its rating for Lenskart and gave a 'Buy' rating for the stock.

"We expect Lenskart to deliver a CAGR of 25%/53% in pro forma consolidated revenue/pre-IND AS EBITDA, largely driven by volume growth, product margin improvement, and ~625bp operating leverage-driven margin expansion over FY25-28 (~320bp over 9MFY26-FY28)."

Lenskart Share Price Target

The brokerage gave a target price of Rs 600 per share, indicating an upside of around 27% in the long-term. "We initiate coverage on Lenskart with a BUY rating and a TP of INR600, premised on DCF-implied 55x FY28E pre-INDAS EBITDA. Our valuations for Lenskart are at a premium to other leading retailers, but we believe the multiples are justifiable, given Lenskart's superior growth profile, limited organized competition and long growth runway."

Lenskart Q3 Result

Lenskart Solutions reported strong growth in Q3FY26, with revenue from operations rising 38.28% year-on-year. The Gurugram-based eyewear company posted revenue of Rs 2,307.73 crore for the third quarter of the 2025-26 financial year. This compared with Rs 1,668.84 crore in the October-December quarter of FY25, according to the regulatory disclosure.

Consolidated net profit increased about 70 times, or 6,982.7% year-on-year, to Rs 131.03 crore. Lenskart Solutions had recorded a profit of Rs 1.85 crore in the same quarter a year earlier. Management attributed the top-line rise mainly to higher volumes and new customers, with India revenue up 40.4% and international markets up 32.7%.

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