Lenskart Stock Sees Block Deal Sale Amid Macquarie Target Hike; Equity Changes Hands Worth ₹1,960 Crore
Major Stake Traded in Lenskart as Block Deal is Executed
Lenskart Solutions Ltd. saw a significant transaction unfold on Thursday as 4 crore shares, representing approximately 2.3 percent equity, were sold in a block deal. The entire transaction was valued at around ₹1,960 crore. This sale occurred at a price of ₹490 per share, reflecting a discount of about 2.1 percent compared to the previous closing price.While both parties involved in the trade were not immediately disclosed, reports previously suggested that Platinum Jasmine A 2018 Trust was likely to divest this 2.3 percent stake. Following the completion of the sale, any remaining holding held by the seller will be subject to a 90-day lock-up period.
Q4 FY26 Results Show Mixed Picture for Lenskart
For the quarter ending March 2026, Lenskart recorded an 8.6 percent year-on-year decline in net profit, which stood at ₹200 crore, down from ₹218.8 crore a year prior. However, revenue demonstrated robust growth, rising by 45.6 percent to reach ₹2,515.7 crore from ₹1,727.5 crore previously.In a positive counterpoint, EBITDA surged dramatically by 84 percent, reaching ₹538.4 crore. This performance led to an expansion in the EBITDA margin, which climbed to 21.4 percent from 16.9 percent in the same quarter last year. Lenskart operates as a comprehensive omnichannel eyewear platform across India and international markets.
Macquarie Reaffirms ‘Outperform’ Rating with Target Price Hike
The block deal follows closely behind brokerage firm Macquarie's reaffirmation of an "Outperform" rating on Lenskart stock. The brokerage significantly raised its target price to ₹600 per share, up from a previous figure. This revised target suggests a potential upside of about 19 percent based on Wednesday's closing price.Macquarie highlighted that the sustained growth momentum and improving profitability remain key drivers for the company. They project an EBITDA compound annual growth rate exceeding 35 percent between FY26 and FY29, deeming the current growth tailwinds sustainable. The international business segment was also noted as a crucial growth engine, showing strong sales growth and margin potential abroad.
Stock Performance Snapshot: IPO Gains Stand Strong
Lenskart stock closed the previous session at ₹500.50 after falling 0.58 percent. Its overall valuation is currently valued at over ₹87,000 crore. Since its listing in November 2025, the company has seen a considerable gain of approximately 24.5 percent from its IPO issue price of ₹402.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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