, the recently listed eyewear retailer, will announce Q2 FY26 results on Saturday, with analysts expecting 20–25% YoY revenue growth building on Q1's ₹1,894 crore top-line and ₹61–62 crore profit, driven by store additions and rising active shoppers (up to 4.43 million in Q1 from 3.41 million YoY). Jefferies initiated coverage with a Buy rating and ₹500 target, citing Lenskart's 5% share in the ₹79,000 crore under-penetrated market, vertically integrated model offering 35–40% cost advantages, and strong store economics (30%+ EBITDA margins, 10-month payback). Key expectations * Growth levers: Continued active customer expansion (9.9 million in FY25, +25% YoY), omni-channel traction, and store rollout using IPO proceeds (2,100+ outlets). * Margins and capex: Operating leverage from higher footfall/utilisation, but aggressive investments may pressure near-term returns; Jefferies forecasts 24% revenue CAGR and 50%+ EBITDA CAGR to FY28, with India margins rising to 15%. * Street watch: Validation of structural tailwinds like screen-time driven demand and shift from unorganised players, amid elevated post-IPO valuations. Investors seek signs of unit economics improvement and capex efficiency to counter listing weakness and reinforce the long-term story. Source: The Economic Times No Recommendations

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