FY26 Begins Strong for Titan's EyeCare, but Q2 Continues to Lag Seasonal Highs
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About the Company
Titan Eye+, launched in March 2007 by Titan Company (Tata Group), redefined India's prescription eyewear industry with international quality standards, transparent pricing, and contemporary design. Operating 550+ exclusive stores across 229+ cities, it competes in the fragmented ₹30,000 Cr+ Indian optical retail market.
About This Chart
EyeCare shows recovery after soft FY24. Q1 FY26 hit ₹236 Cr (+13% YoY) — strongest Q1 in four years. Q2 moderated to ₹218 Cr (+9% YoY), a recurring seasonal pattern driven by lower discretionary spending and absence of promotional triggers.
Key Insights
What the Data Shows
- Q1 consistently the strongest quarter due to new year purchases
- Q2-Q3 typically see 5-10% sequential decline
- Year-on-year growth remains positive across all quarters
What It Means
- Recovery trajectory intact after soft FY24 performance
- Seasonal patterns predictable — plan for Q3 festive uptick
- <5% market share = significant headroom for growth
"The eyecare industry is growing at 7-8% and Titan is growing ahead of the industry. We have less than 5% market share, so there's a lot of headroom."
— Titan Company, Q2 FY26 Earnings Call📬 Get charts Updates
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