Lenskart vs Titan EyeCare: tech-led scaling meets optometry-led service in India's $9.2bn eyewear market
Lenskart posted Q2 FY26 revenue of Rs 2,146.6cr (up 24%) with 19.8% EBITDA margin, adding 203 net new stores across 431 cities in H1. Titan's 871 EyeCare stores drove Rs 215cr income but just Rs 12cr EBIT. The clash pits manufacturing and tech scale against Titan's service model, following Lenskart's below-issue NSE debut at Rs 390 vs Rs 402.
Comparison of Lenskart's tech- and manufacturing-led eyewear scaling versus Titan EyeCare's optometry-led service model, covering revenue, margins, store counts and strategy after Lenskart's below-issue NSE listing.