Lenskart’s growth and margins pull ahead as Titan EyeCare’s EBIT declines
Lenskart added 203 India stores in H1 FY26, reached 431 cities and posted 24% Q2 revenue growth with a 19.8% EBITDA margin. Titan EyeCare’s domestic income grew, but segment EBIT halved, underscoring divergent momentum in India’s eyewear market.
Lenskart is scaling India eyewear through AI-led location selection, remote tests, rapid delivery and local manufacturing, while Titan EyeCare focuses on optometry, fitting labs and omnichannel service. Lenskart delivered stronger FY26 growth and margins; Titan’s segment EBIT declined.
Why this matters
The results extend Lenskart's recent lead: prior signals highlighted 203 H1 FY26 store additions and a 19.8% EBITDA margin, while another resurfaced its 7,000-store India network plan alongside HSBC's April Hold call.
Retail-company signals are accelerating, up +978000% QoQ.