Lenskart Shares Jump 9% as Macquarie Initiates 'Buy' Rating, Targets ₹530

• Lenskart shares surged 9% after Macquarie initiated coverage with an 'Outperform' rating and a price target of ₹530, implying a 29% upside.
• Macquarie highlights Lenskart as India's leading eyewear retailer with a fully integrated supply chain, offering cost, design, and operational efficiency advantages.
• The brokerage projects Lenskart's market share to grow from 5% to over 40%, mirroring mature global markets.
• Improved supply chain utilization could boost store-level EBITDA margins to 33% and triple return on invested capital to over 20% by FY26-FY28.
• Morgan Stanley and Jefferies also initiated coverage with 'Equalweight' and 'Buy' ratings respectively, citing Lenskart's differentiated model and growth potential.

Why It Matters: Brokerage confidence in Lenskart's integrated model and growth potential drives stock surge.