Lenskart vs Titan EyeCare: tech-led margins outpace optometry model post-IPO
Lenskart's Q2 FY26 revenue rose 24% YoY to Rs 2,146.6 crore with 19.8% EBITDA margins, adding 203 net new India stores across 431 cities. Titan EyeCare posted Rs 215 crore income but EBIT of just Rs 12 crore as profit slipped despite higher footfall. Both cite GST-driven demand shifts in India's ~$9.2bn eyewear market.
Post-IPO comparison of Lenskart and Titan EyeCare in India's eyewear market: Lenskart's tech/manufacturing-led model posts stronger margins and store expansion, while Titan's optometry-led service model saw profit decline despite higher footfall; both cite GST-related demand shifts.