Lenskart vs Titan EyeCare: margins, scale and store math after Lenskart's IPO
Post-listing at Rs 390 vs Rs 402 issue price, Lenskart posts Q2 revenue of Rs 2,146.6 crore (up 24%) with 19.8% EBITDA margin and 69.2% product margin. Titan EyeCare trails on profitability with Rs 215 crore income and just Rs 12 crore segment EBIT across 871 stores. GST cut dented September demand for both in a $9.2 billion market.
Comparison of Lenskart and Titan EyeCare in India's eyewear market post-Lenskart IPO. Lenskart shows stronger margins and tech/manufacturing-led scaling; Titan relies on optometry-led retail service with weaker profitability. GST cut affected September demand for both.