Lenskart outpaces Titan EyeCare on margins and store growth in India's eyewear market, resurfacing a late-October comparison
Resurfacing figures from late October: post-IPO, Lenskart posted 69.2% product margins and 19.8% Q2 EBITDA on Rs 2,146.6 crore revenue (up 24%), adding 203 net new stores across 431 cities. Titan EyeCare grew income to Rs 215 crore but saw segment EBIT halve to Rs 12 crore from Rs 24 crore.
Comparison of Lenskart and Titan EyeCare strategies post-Lenskart IPO. Lenskart shows stronger margins (69.2% product, 19.8% EBITDA) and faster store expansion, while Titan reported higher footfall but lower profit (EBIT down to Rs 12 crore) in India's eyewear market.
Why this matters
Resurfacing late-October figures deepens the ongoing Lenskart vs Titan EyeCare rivalry, following signals mapping the seven factors defining India's $9.2B eyewear battle post-listing.
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