Lenskart vs Titan EyeCare: Newly-listed disruptor squares off against Tata's incumbent in India's eyewear race
Post-listing (Rs 390 vs Rs 402 issue price), Lenskart posted Q2 revenue of Rs 2,146.6 crore, up 24%, with 69.2% product margin and 19.8% EBITDA. It added 203 net new stores in H1 across 431 cities and ran 9.3M eye tests, while Titan EyeCare operates 871 stores. A 35-40% cost advantage anchors Lenskart's bet in a $9.2B market.
Comparison of India's two eyewear leaders Lenskart and Titan EyeCare across market opportunity, business models, store reach, cost structure and Q2 FY26 performance following Lenskart's recent stock market listing.