Lenskart's eyewear lead, resurfacing a late-September update, widened with faster store growth and stronger margins
Resurfacing details first reported around September 30, 2025: Lenskart added 203 net stores in India in H1 FY26, reaching 431 cities, while reporting 24% year-on-year Q2 revenue growth and a 19.8% EBITDA margin. Titan EyeCare's domestic income rose, but its segment EBIT and margins declined.
Lenskart is scaling India eyewear through AI-led site selection, local manufacturing, rapid delivery and 203 H1 store additions, while Titan EyeCare emphasizes optometry and service. Lenskart posted stronger FY26 revenue and margins; Titan’s income grew but segment profitability weakened.
Why this matters
The update follows recent signals on Lenskart's 24% Q2 revenue growth and 19.8% margin, alongside resurfaced HSBC Hold coverage citing room for 7,000 India stores.
Retail-company signals are accelerating, up 970300% QoQ.