Lenskart's tech-led scale outpaces Titan EyeCare's service model in India's $9.2B eyewear market
Post-IPO comparison shows Lenskart at Rs 2,146.6 crore Q2 FY26 revenue (up 24%) with 19.8% EBITDA margin and 69.2% product margin, adding 203 net new stores across 431 cities. Titan EyeCare's 871 stores drew higher footfall but income slipped to Rs 215 crore with EBIT margin at ~5.3-5.7%. Both flagged pre-GST-cut demand delays.
Post-IPO comparison of Lenskart's tech-driven scale versus Titan EyeCare's service-led model in India's ~$9.2 billion eyewear market. Lenskart shows stronger margins and store expansion; Titan's EyeCare profit declined despite higher footfall, with both flagging pre-GST-cut demand delays.