Lenskart vs Titan EyeCare: tech-led scale meets optometry-led service in India's Rs 30,000 cr eyewear market
Post-listing, Lenskart posts Q2 FY26 revenue of Rs 2,146.6 cr (+24% YoY) with 19.8% EBITDA margin and 69.2% product margin, backed by 203 net new stores in H1 and 9.3M eye tests. Titan EyeCare, at Rs 215 cr income and Rs 12 cr EBIT across 871 stores, counters with optometry-driven service retail.
Post-listing comparison of Lenskart's tech- and manufacturing-driven eyewear model versus Titan EyeCare's optometry-led service retail, contrasting Q2 FY26 margins, store expansion, cost advantages and GST-cut demand impact in India's eyewear market.