Lenskart widens eyewear lead with 24% revenue growth and 19.8% Q2 EBITDA margin
Lenskart added 203 net new India stores, reaching 431 cities, and reported Q2 FY26 revenue of Rs 2,146.6 crore. Titan EyeCare’s domestic income rose to Rs 215 crore, but EBIT halved to Rs 12 crore as its 871-store network prioritised optometry and fitting-led retail.
Lenskart is scaling Indian eyewear through AI-led site selection, local manufacturing, rapid delivery and first-time eye-test users, while Titan EyeCare focuses on optometry and fitting labs. Lenskart posted stronger FY26 revenue and margins; Titan’s income rose but EBIT declined.
Why this matters
The results extend Lenskart's H1 FY26 expansion, following a September 30 update on 203 India store additions and 431-city reach. They also sharpen its contrast with Titan EyeCare and HSBC's April call on Lenskart's potential for 7,000 India stores.
Retail-company is accelerating, up 943100% QoQ.