LENSKART

, Marico, Nestlé, GCPL, Delhivery & Shadowfax: Brokerages flag diverging growth paths across India consumer & logistics sector

Indian consumer and logistics stocks are drawing sharply varied views from global brokerages, which say the next phase of growth will depend on idiosyncratic business models, margin discipline, and supply‑chain execution, rather than broad sector momentum. Brokerages highlighted that while Lenskart offers strong structural growth supported by vertical integration, technology adoption and industry leadership, the broader consumer space may see only select names outperform due to limited margin expansion potential and stretched valuations. Morgan Stanley notes that India’s consumer growth in FY27 is expected to improve on a weaker base, aided by GST rationalisation and supportive macro trends, but warns that double‑digit revenue growth is no longer assured across the sector and valuation de‑rating may continue.