Morgan Stanley lifts Lenskart target price to Rs 718
In short
Morgan Stanley raised its target price for Lenskart Solutions to Rs 718. The broker’s bull case points to 41% upside. The company also reported Q1 FY27 net profit of Rs 228 crore, up 182.3% year on year, and revenue of Rs 2,214 crore, up 33.6%.
This matters because it suggests stronger confidence in Lenskart’s growth and margins. The report does not fully state all the reasons for the upgrade.
What the reporting says
Morgan Stanley raised its target price for Lenskart Solutions to Rs 718, with the bull case implying 41% upside, after the company reported strong Q1 FY27 results. The publisher-supplied summary says net profit rose 182.3% year on year to Rs 228 crore and revenue grew 33.6% to Rs 2,214 crore, with EBITDA margin at 21.7%. The immediate implication is a more constructive view on the stock, though the report does not give a fresh broker note date or full rationale.
Why it matters
Morgan Stanley’s higher target price for Lenskart Solutions follows reported Q1 FY27 growth in profit, revenue and EBITDA margin. The summary points to stronger demand in both domestic and international markets and mentions the scaling potential of the overseas business. For investors, the immediate effect is a more bullish valuation view on the stock, but the reporting does not state the full broker research note or all assumptions behind the 41% upside figure.