Lenskart resurfaces December eyewear lead with 24% revenue growth and 203 new India stores
Resurfacing a December filing, Lenskart reported Q2 FY26 revenue of Rs 2,146.6 crore and a 19.8% EBITDA margin, supported by store expansion, remote eye tests and local frame production. Titan EyeCare's domestic income rose, but EBIT halved to Rs 12 crore.
Lenskart is scaling India stores, AI-led location selection, remote testing and local frame manufacturing, while Titan EyeCare relies on optometrists, fitting labs and omnichannel conversion. Lenskart reported stronger revenue growth and margins; Titan’s EyeCare EBIT and margins declined.
Why this matters
Earlier signals said Lenskart added 203 India stores as Q2 FY26 revenue rose 24%, while HSBC initiated Hold and projected its India network could grow from 2,500 to about 7,000 stores.
The retail-company theme is accelerating, up 1,113,300% QoQ.