Lenskart vs Titan EyeCare: tech-led scale meets optometry retail in India's $9.2B eyewear market (resurfacing a November 2025 report)
Resurfacing details from a November 10, 2025 update: post-listing, Lenskart posted Q2 revenue of Rs 2,146.6 crore with 19.8% EBITDA margin and 69.2% product margin, adding 203 net new stores across 431 cities. Titan EyeCare leaned on 871 optometry-led stores but saw segment EBIT slip to Rs 12 crore on Rs 215 crore income. Both flagged GST-cut demand shifts.
Comparison of Lenskart and Titan EyeCare strategies after Lenskart's listing: Lenskart scales via tech, local manufacturing and stronger margins; Titan relies on optometry-led retail despite profit decline. Both cite GST-cut demand shifts.