Lenskart Shares Hit Record Target Price of ₹600, Analysts Justify High Valuation

• Motilal Oswal sets Lenskart's target price at ₹600, the highest among 13 brokerages, indicating a 12.3% premium over the consensus of ₹534.
• Lenskart's market capitalization exceeds ₹83,000 crore, with analysts justifying its higher valuation compared to other retailers.
• The stock has surged over 12% since its listing a month ago, with a rally to ₹600 implying a further 26% jump.
• Motilal Oswal projects Lenskart to achieve a 53% compounded annual growth and 70% free cash flow by March 2028.
• The company reported a 38% revenue jump, doubled EBITDA, and significantly increased net profit in Q3 FY25, with profit margins expanding to 20.1%.