Jefferies in a observe mentioned Lenskart is a pacesetter within the eyewear phase with sturdy financials and a big market to develop its enterprise. Listed below are 10 issues the worldwide brokerage agency sees within the public provide, which buyers keenly watch.
Profitability and monetary energy
Lenskart turned worthwhile on the PAT degree in FY25. The corporate additionally reported a internet money place of Rs 15 billion on its steadiness sheet.
Robust income development
The corporate’s income has grown at a compound annual development fee (CAGR) of roughly 33% during the last three years, reaching Rs 6700 crore in FY25.
Market management in India and Asia
Lenskart is the biggest organized eyewear retailer in India and is ranked among the many high two in Asia.
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Omnichannel retail mannequin
The corporate operates over 2,700 shops globally, with 2,067 positioned in India. Its enterprise mannequin integrates bodily shops with its web site and cell app.
Vertical integration
Lenskart controls its complete worth chain, from designing and manufacturing to supply and retail, which helps it decrease prices and keep product high quality.
Key product phase
Prescription eyeglasses are Lenskart’s main product, accounting for roughly 80% of its income in FY25.
Worldwide development and margins
The worldwide enterprise, which contributes round 40% of the overall income, enjoys higher gross margins at roughly 74% in comparison with the consolidated margin of about 68%.
Giant addressable market
The Indian eyewear market is valued at roughly Rs 788 billion in FY25 and is projected to develop at a CAGR of about 13% over the following 5 years. A key development driver is the shift from an unorganized to an organized retail market.
IPO proceeds
The contemporary capital raised from the IPO shall be used for capital expenditure to ascertain new company-owned and company-operated (CoCo) shops and for branding and advertising and marketing initiatives.
Key buyers and possession
The corporate’s key present shareholders embrace Softbank, ADIA, and Alpha Wave Ventures. The founders maintain about 20% of the corporate.
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