Emkay Predicts 6x Revenue Growth for Lenskart, Initiates 'Buy' Rating

• Emkay Global initiates 'Buy' on Lenskart Solutions with a ₹525 price target, implying 16% upside.
• Brokerage forecasts Lenskart's India revenue to grow 6x over the next decade (20% CAGR) in a $9 billion eyewear market.
• Lenskart, India's largest eyewear retailer, uses technology (AI, virtual try-ons) for efficiency and global expansion.
• Strong operations: 15-16% same-store sales growth, rapid network expansion, 10-month store payback.
• Robust balance sheet (₹4,000 crore net cash) and market leadership position Lenskart for peer outperformance.

Why It Matters: Emkay sees Lenskart as a strong 'Buy' with massive long-term growth potential in the expanding eyewear market.