Lenskart adds 203 India stores as Q2 FY26 revenue rises 24%, widening eyewear lead
Lenskart reached 431 cities after adding 203 net new India stores, with Q2 FY26 revenue up 24% year on year to Rs 2,146.6 crore and EBITDA margin at 19.8%. Titan EyeCare had 871 exclusive stores in September 2025, while its domestic income rose to Rs 215 crore and EBIT fell to Rs 12 crore.
What happened
Lenskart is scaling India eyewear through AI-led site selection, remote testing, local manufacturing and rapid delivery, while Titan EyeCare relies on optometry
Key facts
- Lenskart listed at Rs 390, 3% below its Rs 402 issue price
- India eyewear market estimated at $9.2 billion / Rs 30,000 crore
- Lenskart conducted 9.3 million eye tests in H1 FY26; 46% were first-time users
- Lenskart added 203 net new India stores and reached 431 cities
- Titan EyeCare had 871 exclusive stores as of September 2025
- Lenskart Q2 FY26 revenue rose 24% YoY to Rs 2,146.6 crore; EBITDA margin was 19.8%
- Titan EyeCare domestic income rose to Rs 215 crore; EBIT fell to Rs 12 crore
Why this matters
Titan and other eyewear players may need partnerships, acquisitions or accelerated omnichannel investments to counter Lenskart’s expanding city reach and operating advantage.