Lenskart vs Titan EyeCare: newly listed disruptor squares off against incumbent in India's eyewear market
Lenskart posted Q2 revenue of Rs 2,146.6 cr (up 24%) with 19.8% EBITDA margin and 69.2% product margin, adding 203 net new stores in H1 FY26 across 431 cities. Titan EyeCare, with 871 stores, reported Rs 215 cr income and Rs 12 cr EBIT. Both benefit from GST-cut demand as scale battles legacy trust.
Comparative analysis of Lenskart (newly listed) versus Titan EyeCare in India's eyewear market, contrasting strategies, store networks, margins and Q2/H1 FY26 financials, plus GST-cut demand impact on both retailers.