Jefferies Adds Lenskart to Its India Long-Only Portfolio
Jefferies added eyewear retailer Lenskart and MCX to its India long-only portfolio, increased Eternal’s weighting by one percentage point, and removed HDFC Bank, PolicyBazaar and REC. Bajaj Finance was also added.
What happened
Jefferies added eyewear retailer Lenskart and MCX to its India long-only portfolio, while raising Eternal’s weighting by one percentage point. HDFC Bank,
Key facts
- Lenskart and MCX added to Jefferies' India long-only portfolio
- Eternal weighting increased by 1 percentage point
- India portfolio weighting: 12% versus 11.4% benchmark
- Foreign investors bought $2.45 billion of Indian equities in July
- Year-to-date foreign equity outflows: $25.4 billion
Why this matters
The portfolio addition strengthens Lenskart’s strategic credibility and could support partnership, acquisition and capital-market conversations across India’s consumer-health and eyewear ecosystem.
What to watch
- Jefferies research updates, target-price commentary or changes to the India long-only portfolio weighting.
- Any Lenskart fundraising, IPO filing, governance appointment or expanded financial disclosure.
- Quarterly indicators for revenue growth, store additions, same-store sales and profitability.
- Evidence of higher promotional intensity or expansion announcements from Titan Eye+, Specsmakers, GKB and online optical competitors.
- International expansion performance and supply-chain/capacity investments.
- Emphasize comparable-store growth, EBITDA progression and unit economics in investor communications.
- Accelerate selective store expansion in underserved Indian cities while protecting store-level payback periods.
- Use heightened visibility to support IPO-readiness, governance upgrades and potential pre-IPO capital discussions.
- Defend category leadership through exclusive frames, eye-testing access, loyalty and omnichannel fulfillment rather than broad discounting.