Intense Market Competition: The optical and eyewear market is highly competitive, with numerous global and local players, private label brands, and online retailers, which could pressure pricing and market share.

Global Supply Chain Disruptions: Reliance on a global supply chain for raw materials, manufacturing, and distribution exposes the company to risks from geopolitical events, natural disasters, and logistics disruptions.

Economic Downturn Sensitivity: Consumer spending on eyewear, particularly premium and fashion-oriented products, is discretionary and can be negatively impacted by economic downturns, inflation, or reduced disposable income.