Antique Stock Broking Initiates Coverage on Lenskart with 'Hold' Rating and Rs 455 Target

Antique Stock Broking initiated coverage on Lenskart Solutions Ltd., assigning a 'hold' rating with a target price of Rs 455, noting the company's strong operational capabilities and rapid revenue growth at a 33% CAGR between FY23 and FY25. While Lenskart has improved profitability and scaled its core prescription eyeglasses business, Antique cautions that current valuations already reflect much of the expected growth, limiting near-term upside despite favorable market conditions and margin expansion prospects.