A display module and an HMD device including the same are discussed in which a black matrix is not recognized as a lattice type by a user without an increase in resolution of the display module. The display module according to an embodiment includes a first substrate on which a plurality of pixels are provided, a second substrate including one surface on which an engraved pattern is provided, and a lens layer filled into the engraved pattern of the second substrate. The lens layer comprises a plurality of lenses respectively corresponding to the plurality of pixels.