Emkay Global has initiated coverage on Lenskart Solutions with a 'Buy' rating and a target price of Rs 525, suggesting over 16% upside. The brokerage cites Lenskart's market leadership in India's eyewear sector, its scale significantly larger than competitors, and strong unit economics as key growth drivers. Emkay also highlights Lenskart's technological advantages, including a vertically integrated supply chain, automated manufacturing, and innovations like virtual try-ons, alongside favorable industry tailwinds such as market growth and increased adoption of eyewear as a fashion accessory.