Lenskart vs Titan: newly-listed eyewear giant squares off against Rs 30,000cr incumbent
Lenskart's debut (listed Rs 390 vs Rs 402 issue price) sharpens India's $9.2bn eyewear battle. Q2 FY26 revenue Rs 2,146.6cr (+24% YoY), EBITDA margin 19.8%, product margin 69.2% on a 35-40% manufacturing cost edge. Scale shows in 9.3M eye tests H1, 203 net new stores across 431 cities vs Titan EyeCare's 871 stores.
Lenskart's market listing spotlights India's eyewear battle against Titan EyeCare. Comparison covers store counts, manufacturing cost advantages, eye-testing scale, omnichannel strategy, margins and market share across both retailers' Q2 FY26 metrics.