Lenskart Shares Surge 98% From Listing-Day Low As Stock Hits New High
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Lenskart shares gained 98% from its listing-day low and touched a new high, up 12% in the last one month even as the BSE Sensex dropped 3.6%. The growth expectation is supported by the company’s store and manufacturing base, diversified product portfolio and operating model.
Lenskart Solutions Limited shares hit a new high on 18 September 2026, extending their significant recovery from the stock’s listing-day low. The move came as brokerages continued to highlight the growth potential of India’s eyewear market and Lenskart’s expansion across stores, manufacturing and product categories.
The Lenskart share price has nearly doubled from its listing-day low of ₹355.70, representing a 98% rise. The company debuted on 10 November 2025, with its shares trading 75% above the ₹402 issue price.
The stock has also done better than the overall market over the last month. Lenskart shares climbed 12% during the period, while the BSE Sensex fell 3.6%.
At 2:13 pm on 18 September at the National Stock Exchange (NSE), the Lenskart share price stood at ₹695.55, up 2.29%. The stock opened at ₹683, against the previous close of ₹679.95, and moved between a high of ₹704 and a low of ₹677.55.
India’s Eyewear Market And Lenskart’s Business Model
India's eyewear market is projected to grow at a 13% compound annual growth rate (CAGR) to ₹1.48 trillion between FY25 and FY30.
In India, the penetration of eyeglasses remains at 35% compared to 88% in the US and 69% in Japan. Refractive errors, too, are likely to become increasingly common. The proportion of India’s population impacted is forecast to grow to 62% by FY30 from 43% in FY20, with the rate among teenagers and children expected to reach 75%.
There are five key elements of Lenskart's operating model: a centralised and highly automated manufacturing facility, backward integration, a large omnichannel presence, technology that supports scaling and a house-of-brands structure covering mass-market to premium eyewear.
Lenskart Stock Outlook Includes Store And Manufacturing Expansion
Lenskart has a domestic manufacturing capacity of 25 million units, while another 50 million-unit facility is planned in Hyderabad. Its store network stood at 2,725 outlets in India as of Q1FY27. The company hopes to build on its existing 5% market share as it expands its presence.
Lenskart’s product portfolio ranges from $5 to $500, enabling it to cater to different segments of the eyeglass industry. The emerging insurance-led eye-care programmes could support demand over time by improving affordability and adoption.
The company’s consolidated revenue along with earnings before interest, taxes, depreciation and amortisation (EBITDA) and profit after tax (PAT) are estimated to grow at 27%, 37% and 59% CAGR, respectively, over FY26-29E.
The Lenskart share price also remains linked to expectations around the company's cash generation. The company’s estimated cumulative free cash flow (FCF) is ₹5,300 crore over the same period.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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