Lenskart Stock: Nomura Sets ₹888 Target; Can Lenskart Beat Titan? Sudip Bandyopadhyay Explains

Lenskart is back in focus after Nomura initiated a Buy rating with a target price of ₹888 per share, implying significant upside from current levels. The brokerage highlights Lenskart’s growing market share, scalable business model, low-cost structure and international growth potential. Sudip Bandyopadhyay, Market Expert, says Lenskart should be viewed primarily as a brick-and-mortar retail company with a strong technology backbone, rather than a pure tech company. He also praises its operational performance, particularly the rapid progress of its international business toward EBITDA breakeven. Sudip believes Lenskart has significant scope to expand both in India and global markets.