‘Buy Lenskart’: Jefferies projects 23% upside on eyewear maker a day before Q2 results

Jefferies anticipates Lenskart’s revenue to grow at a 24% CAGR over financial year 2025-2028 led by volume growth. Its adjusted EBITDA is likely to grow at a CAGR of over 50% with margin expansion of nearly 600 basis points during the same timeframe, led by operating leverage, and improvement in international gross margins.

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