The eyewear market has seen rapid evolution from a fragmented space to a more organised industry. Lenskart has been at the forefront of this transformation over the last decade, expanding aggressively through both digital channels and physical stores.

According to Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, "Lenskart has successfully built a formidable market share in the eyewear segment, leveraging a hybrid business model. With India's large consumption base, such models can thrive. However, valuations appear stretched for the short- to medium-term. Investors should watch how profit growth unfolds over the next two to three years. It is a fully priced IPO (initial public offering) and earnings performance will be the key trigger going forward." Advertisement

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