Lenskart vs Titan EyeCare: margins and store math tilt India's eyewear battle post-listing
Newly-listed Lenskart posts Q2 revenue of Rs 2,146.6 crore (up 24% YoY) and 19.8% EBITDA margin, backed by 69.2% product margins and a 35-40% cost edge. Titan's EyeCare segment slips, with EBIT falling to Rs 12 crore and share under 12% across 871 stores.
Comparative analysis of India's eyewear battle between newly-listed Lenskart and Titan EyeCare, covering Q2 FY26 earnings, store expansion, margins, manufacturing cost advantages, and GST-related demand shifts. Lenskart shows stronger margins; Titan's segment profit declined.