Macquarie Initiates Lenskart Coverage: 'Outperform' Rating, Stock Soars 14%

• Macquarie initiated coverage on Lenskart with an 'Outperform' rating and a ₹530 price target.
• Lenskart shares surged 14% to ₹467.50 on BSE following Macquarie's positive outlook.
• Macquarie highlights Lenskart's integrated supply chain and potential to grow market share from 5% to over 40%.
• Brokerage projects store-level EBITDA margins of 33% and ROIC over 20% by FY26-FY28.
• Lenskart reported Q2 FY26 net profit of ₹103.5 crore (up 20% YoY) and revenue of ₹2096 crore (up 21% YoY).

Why It Matters: Macquarie's 'Outperform' rating on Lenskart led to a 14% stock surge, citing strong growth potential.