Motilal Oswal lifts Lenskart target to Rs 650, reiterates Buy after Q4 beat
Brokerage raises FY27E/FY28E estimates—revenue +5%/6%, Ebitda +15%/10%, PAT +12%/7%—citing omnichannel scale, backward integration and house-of-brands play. Models 25% revenue, 42% Ebitda and 44% PAT CAGR over FY26-28E, valuing the stock at 55x FY28E Ebitda.
What happened
Motilal Oswal reiterates Buy on Lenskart with raised Rs 650 target after Q4 beat, citing omnichannel scale, backward integration, house-of-brands strategy, and
Key facts
- Rs 650 target price
- FY27E revenue +5%
- FY28E revenue +6%
- Ebitda +15%/10%
- PAT +12%/7%
- Revenue CAGR 25% FY26-28E
- Ebitda CAGR 42%
- PAT CAGR 44%
- 55x FY28E Ebitda multiple
Why this matters
The house-of-brands narrative driving Lenskart's re-rating signals a window to acquire niche eyewear or adjacent vision-care assets that bolt into the omnichannel stack.