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Fashion & apparelDuration 5 monthsCase study

Fashion & apparel case study: ₹8L to ₹15.5L monthly revenue in 5 months

Numbers modelled on 30 Monastic Media ad accounts

Case study

Month by month

Revenue by month
MonthPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹8L–––
Month 1Learning₹2,57,540₹7,32,1022.84x254₹1,014
Month 2Scaling₹2,79,408₹8,20,1422.94x303₹922
Month 3Scaling₹3,62,749₹10,32,9302.85x382₹950
Month 4Scaling₹4,93,736₹13,79,4462.79x502₹984
Month 5Steady₹5,65,267₹15,49,5572.74x552₹1,024
Total₹19,58,700₹55,14,1772.82x1,993₹983
Ad spend₹19.6L
Revenue₹55.1L
Blended ROAS2.82x
Orders1,993
Revenue, month 5₹15.5L
ROAS, month 52.74x
Cost / purchase, month 5₹1,024
Avg order value, month 5₹2,807
Conversion, month 51.33%
Period covered5 months
Milestone₹20L a month

Funnel

Funnel, first view to purchase month 5

  1. Impressions37,95,011
  2. Link clicks54,037
    1.42% of impressions
  3. Landing-page views41,627
    77.03% of link clicks1.097% of impressions
  4. Added to cart3,316
    7.97% of landing-page views0.087% of impressions
  5. Checkout started2,037
    61.43% of added to cart0.054% of impressions
  6. Purchases552
    27.1% of checkout started0.015% of impressions

0.015% of impressions became purchases

Mix

Where the budget goes month 5

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹3,68,53365.2%3682.80x₹1,001
Facebook₹1,86,04232.9%1732.61x₹1,075
Audience Network₹10,6921.9%112.90x₹972
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹1,50,24026.6%1502.80x₹1,002
Instagram Feed₹1,42,71025.2%1512.96x₹945
Facebook Feed₹1,08,37719.2%1002.58x₹1,084
Instagram Stories₹75,58313.4%672.49x₹1,128
Facebook Reels₹58,01910.3%532.57x₹1,095
Audience Network₹10,6921.9%112.90x₹972
Facebook Stories₹9,8311.7%102.90x₹983
Facebook Video₹9,8151.7%102.90x₹982
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹4,40,10977.9%4202.68x₹1,048
Retargeting (warm audiences)₹60,02210.6%653.03x₹923
Lookalike audiences₹32,8225.8%332.83x₹995
Advantage+ shopping₹32,3145.7%342.92x₹950

Creatives

Creative mix month 5

New ads per month

Video29 a month
Catalogue (dynamic product ads)14 a month
Static image4 a month
UGC / creator video4 a month
Carousel3 a month
Moderate2.75xblended ROAS 4 creative types₹5.5L spend
Watchlist2.29xblended ROAS 1 creative type₹14,139 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹1,23,8531252.84x₹991
VideoModerate₹3,04,8522992.75x₹1,020
Static imageModerate₹87,407852.74x₹1,028
UGC / creator videoModerate₹35,016312.52x₹1,130
CarouselWatchlist₹14,139122.29x₹1,178

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    The first problem in this scenario is turning visits into orders, so the opening month on this mid-sized store goes there. We fix the store before scaling: trust pointers, reviews, a clear return window, an about page and a prepaid incentive. We put best-sellers on product pages and lead with the one or two categories that already sell.

    Why

    A mid-sized fashion brand grows monthly revenue in 5 months, from ₹8L to ₹20L (2.5x). Fewer than one in ten of our measured accounts grew that fast in the same time, so the case study follows the pace of that top tenth rather than forcing the number. The main problem was turning visits into orders. Every rupee of ads is capped by how well the store turns visits into orders. Lead categories give prospecting ads a proven entry point.

    How it works

    Fixes are listed and handed over early, so later budget lands on a store that converts. Lead categories carry the first scaling months.

  2. Measurement & reviews Month 1 to 5

    What we do

    We track ad-platform revenue beside store orders in a shared daily sheet. We agree a written number for every month on the way from ₹8L to ₹20L, and start each review with the month-to-date figure against it. We check the reported return on spend against store revenue before any budget moves.

    Why

    Its reported return on ad spend is in line with what measured fashion stores of that size hold, so the case study starts there. The ad platform's own count runs high, so the store's count is the one that moves budget. Written monthly numbers expose a slow month while there is still time to act.

    How it works

    Budget decisions are read off store numbers, not the ad platform alone. The month's number is on the page at every review. Both returns are reviewed together each week.

  3. Creative testing Month 1

    What we do

    We test with video, catalogue ads and static image first, rising to a few dozen new ads a month by the final month, keeping carousel on a short leash because its return trails the account. We separate the lead products into their own campaigns and review each one weekly. We run creator, customer-feedback and founder-led video. The learning month runs on a small daily budget, stepping up only once orders confirm.

    Why

    A product nobody buys is visible within a week when it has its own campaign. Video built on trust was the format that held return in most measured accounts. Early spend buys learning, not scale.

    How it works

    Losing products are paused within a week and budget moves to the winners. UGC that underperforms is replaced by founder-led video, not given more budget. The low budget stays until orders confirm the buyer. New ads rise with the budget, most of them video, then catalogue ads.

  4. Scaling Month 2 to 4

    What we do

    Through Month 2 to Month 4, we push as far toward ₹20L as return allows: the budget climbs in steps while return holds, and Instagram Reels carries the most spend and Instagram Feed the next. We recover abandoned checkouts with WhatsApp messages as traffic grows. We run cost caps, bid caps, CBO and ABO as parallel versions before budget steps up.

    Why

    In Month 2 to Month 4 the budget climbs in steps, while return on spend holds. Each budget step here is sized so that return stays close to where it was. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout.

    How it works

    WhatsApp recovery runs alongside paid retargeting, not instead of it. Controls run as parallel versions and the one that holds cost is kept. Most of the final month's spend sits on Instagram Reels, then Instagram Feed. Cold audiences take most of the budget; warm audiences return more per rupee.

  5. Steady state Month 5

    What we do

    From Month 5, we hold the gains and push toward ₹20L only as far as return allows. We ask for a seasonal landing page, new ad formats and delivery banners ahead of the festive peak. We recover abandoned checkouts and lift repeat orders with WhatsApp messages.

    Why

    At Month 5 revenue is close to ₹20L. Budget keeps rising, more slowly than in the scaling months. Season-specific pages convert season traffic better than the default collection. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout.

    How it works

    The seasonal page is requested before the season, with the catalogue campaign. Messages run beside retargeting ads.

Milestones

Milestones by month

  1. Month 1

    The learning phase opens: tracking is checked against store orders and the first ads go live on a small daily budget. The store fix list is live, with reviews on product pages and a prepaid offer. Reported and store-side returns are reconciled.

    • Revenue ₹7.3L
    • ROAS 2.84x
    • Ad spend ₹2.6L
  2. Month 2

    The scaling phase opens: new creator and customer-feedback videos join the account. Budget holds and return on spend holds.

    • Revenue ₹8.2L
    • ROAS 2.94x
    • Ad spend ₹2.8L
  3. Month 3

    Cost caps and bid caps are tested against open bidding. Budget steps up and return on spend holds.

    • Revenue ₹10.3L
    • ROAS 2.85x
    • Ad spend ₹3.6L
  4. Month 4

    Products that do not sell are paused and budget moves to the winners.

    • Revenue ₹13.8L
    • ROAS 2.79x
    • Ad spend ₹4.9L
  5. Month 5

    Steady phase begins: creative refresh and repeat orders take on more of the work. Budget steps up and return on spend holds. Monthly revenue passes the halfway point between ₹8L and ₹20L. Revenue ends below ₹20L, the number this scenario calls for, because the case study follows what the fastest tenth of our measured accounts reached. Each order costs about what it did while learning.

    • Revenue ₹15.5L
    • ROAS 2.74x
    • Ad spend ₹5.7L

Learnings

Learnings from Fashion & apparel brands we measured

  1. Cut budgets during a major marketplace sale and moved spend to niche premium audiences

  2. SEO alongside: product titles, collection copy, feed and technical audit

  3. Tracked Meta spend, revenue and Shopify orders daily in a shared sheet

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