Lenskart vs Titan: Seven factors that will decide India's ~$9.2bn eyewear market battle
Post-IPO face-off pits Lenskart's 35-40% cost edge, 69.2% product margins and 24% YoY revenue growth (Rs 2,146.6 cr Q2) against Titan EyeCare's 871-store retail reach. Lenskart debuted below issue at Rs 390 vs Rs 402 and slipped 2.23% in a month, while Titan gained 10.85% over the year.
Post-IPO comparison of Lenskart and Titan EyeCare in India's eyewear market, covering store reach, manufacturing cost advantage, eye-test volumes, market share, margins and stock performance following Lenskart's NSE debut below issue price.