Sure, it's possible.
Lumens is a measure of total output. When we say "project a brighter and more powerful beam" we usually quantify that in lux, which is a measurement taken at a single point, not the entire output.
A laser pointer, for instance, has a very low lumen output, but you can still see the dot when you shine a very high output spotlight in the same place. Reason being, the laser concentrates its output into a tighter beam than the spotlight.
Take the Surefire E2L for instance. It is rated at 40 lumens but can run alongside the 60-80 lumen pack and still fares pretty well. It also offers much more runtime than the higher-lumen candidates. This is because it concentrates more light into the hotspot and less into the spill or flood.