Lenskart Makes Muted Debut On D-Street | Is It A Good Time To Buy, Sell, Or Hold?

Lenskart entered the market at premium valuations, quoting nearly 11x sales and around 100x P/E, raising questions on sustainability. While the company has delivered 20-25% revenue growth, analysts suggest that such growth does not currently justify the valuation multiples being assigned. For long-term price stability, the business must transition towards stronger profitability and margin expansion, not just topline momentum. The key factor investors will now watch is the convergence between growth rates and valuation multiples. Without that alignment, re-rating risks may emerge. Today, we discuss whether Lenskart’s business fundamentals are positioned to support such high expectations and what investors should track next as the company scales.