Lenskart vs Titan: post-IPO eyewear showdown across margins, store reach and Q2 FY26 growth
Tech-led Lenskart, trading below its Rs 402 issue price, posted Q2 revenue of Rs 2,146.6 crore (up 24%) with 69.2% product margins and a 35-40% cost edge from in-house manufacturing. Titan EyeCare counters with 871 stores and an optometrist-led service model in a $9.2 billion market.
Post-IPO comparison of India's eyewear leaders: tech-driven Lenskart with in-house manufacturing and rapid delivery versus Titan EyeCare's service-led, optometrist-focused omni-channel model, covering market size, store reach, margins and Q2 FY26 results.