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How India buys

How India buys spectacles and eyewear

The listed companies behind it: John Jacobs, Lenskart, Aqualens, Titan Eye+, Titan EyePlus.

2 listed companies sold ₹9,730 crore of spectacles and eyewear in FY26. Lenskart Solutions Ltd sold the most, 90.6% of it. Titan Company Ltd earned the most on each rupee of sales: 8.4%.

Share
Listed companies' sales, FY26
₹9,730 Cr
Largest seller
90.6%
Lenskart Solutions Ltd
Best margin
8.4%
Titan Company Ltd

The brands, and who owns them

13 brands of spectacles and eyewear, best known first
Lenskart Solutions LtdNSE: LENSKART · 90.6% of the listed sales
John JacobsLenskartAqualensHooperLenskart AIRMellerOwndaysVincent ChaseHustlrLe Petit LunetierLPL
Titan Company LtdNSE: TITAN · 9.4% of the listed sales
Titan Eye+Titan EyePlus

John Jacobs, Lenskart, Aqualens, Hooper and others are Lenskart Solutions Ltd's; Titan Eye+, Titan EyePlus are Titan Company Ltd's. Brands are read from each company's filings and checked against a public source.

Who sells the most

Share of the listed companies' sales, FY26
Lenskart Solutions Ltd₹8,814 Cr · 100% of its sales India 59% · International 41%
90.6%
Titan Company Ltd₹916 Cr · 1% of its sales
9.4%

Lenskart Solutions Ltd had 90.6% of the listed companies' sales of spectacles and eyewear here, 9.6 times as much as Titan Company Ltd, the next largest.

From each company's own sales figures for this kind of product (its reported segment, or its whole sales where that is all it sells). Private makers are not counted, so this is the split among listed companies, not the whole market.

How the sales have grown, and who sold them

Sales of spectacles and eyewear each financial year in ₹ crore (L = lakh crore), the change on the year before above each column
Titan Company Ltd, FY25: ₹801 Cr801 ₹801 Cr FY25 Lenskart Solutions Ltd, FY26: ₹8,814 Cr8,814Titan Company Ltd, FY26: ₹916 Cr916 ₹9,730 Cr+1115% FY26
Lenskart Solutions LtdTitan Company Ltd

The listed companies here sold ₹9,730 Cr of spectacles and eyewear in FY26. Counting only the companies with figures in both years, sales went from ₹801 Cr in FY25 to ₹916 Cr. Some companies are counted only from a later year (Lenskart Solutions Ltd from FY26).

Counted from the first year their figures for this are available: Lenskart Solutions Ltd from FY26. A jump in that year is partly that.

Who earns the most on each rupee

Operating profit as a share of sales of spectacles and eyewear, each financial year
0%5%10%FY25FY26 Titan Company Ltd: 10.0%10.0%Titan Company Ltd: 8.4%8.4%
Titan Company Ltd

Operating profit before interest and tax, as a share of sales of spectacles and eyewear. Titan Company Ltd earned 8.4% on its sales in FY26, against 10.0% in FY25.

The companies, and their brands

Company and brandsSales FY26Growth 1 yr3 yrs5 yrsMarginProfit shareReturn on assetsP/EROEShare price 1 yr
Lenskart Solutions Ltd
John Jacobs, Lenskart, Aqualens, Hooper, Lenskart AIR, Meller, Owndays, Vincent Chase, Hustlr, Le Petit Lunetier, LPL
Sells in 15 states; exports 1.11% of turnover
 ₹8,814 Cr — — — 8.0% 90.2% 3.8% 171.6 5.9% —
Titan Company Ltd
Titan Eye+, Titan EyePlus
Sells in 28 states and 25 countries; exports 2.15% of turnover
 ₹916 Cr +14.4% — — 8.4% 9.8% 10.6% 69.1 24.8% +26.8%
Brands are read from each company's filings and checked against a public source. Growth is the yearly rate of its sales of spectacles and eyewear. Margin is the operating profit (before interest and tax) the company reports on them, as a share of those sales; profit share is its part of all the listed companies' profit on them; return on assets is that profit against the assets it reports for them. A company with no other business is measured on its whole accounts. Where a company's segments include sales between its own businesses (a bank's treasury lending to its retail arm), each segment is scaled down in proportion so that together they match what the company earns outside itself; companies report those internal sales only as a total. Not a recommendation to buy or sell.
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Questions people ask

Which listed companies sell spectacles and eyewear in India?

2 listed companies report their sales of spectacles and eyewear: Lenskart Solutions Ltd (LENSKART), Titan Company Ltd (TITAN).

Which listed company sells the most spectacles and eyewear in India?

Lenskart Solutions Ltd, with sales of spectacles and eyewear of ₹8,814 crore in FY26: 90.6% of the listed companies' total here.

How big is the listed market for spectacles and eyewear?

The listed companies here sold ₹9,730 crore of spectacles and eyewear in FY26. Private makers are not included.

Which listed company makes the most profit on spectacles and eyewear?

Titan Company Ltd: its operating profit was 8.4% of its sales of spectacles and eyewear in FY26.

Who owns John Jacobs?

John Jacobs is a brand of Lenskart Solutions Ltd, listed on the NSE as LENSKART.

Who owns Lenskart?

Lenskart is a brand of Lenskart Solutions Ltd, listed on the NSE as LENSKART.

Who owns Titan Eye+?

Titan Eye+ is a brand of Titan Company Ltd, listed on the NSE as TITAN.

Who owns Titan EyePlus?

Titan EyePlus is a brand of Titan Company Ltd, listed on the NSE as TITAN.