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Fashion & apparelDuration 2 monthsCase study

Fashion & apparel case study: ₹5.5L to ₹7.6L monthly revenue in 2 months

Numbers modelled on 30 Monastic Media ad accounts

Case study

Week by week

Revenue by week
WeekPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹5.5L–––
Week 1Learning₹44,698₹1,28,5002.87x58₹771
Week 2Learning₹42,411₹1,27,2923.00x59₹719
Week 3Learning₹41,822₹1,26,7553.03x55₹760
Week 4Learning₹41,170₹1,28,5283.12x60₹686
Week 5Scaling₹44,124₹1,30,7642.96x58₹761
Week 6Scaling₹57,367₹1,54,1912.69x69₹831
Week 7Scaling₹72,169₹1,80,7462.50x82₹880
Week 8Scaling₹88,958₹2,08,6132.35x92₹967
Week 9Scaling₹97,354₹2,18,5392.24x101₹964
Total₹5,30,073₹14,03,9282.65x634₹836
Ad spend₹5.3L
Revenue₹14L
Blended ROAS2.65x
Orders634
Revenue, the last 4 weeks₹7.6L
ROAS, the last 4 weeks2.41x
Cost / purchase, the last 4 weeks₹918
Avg order value, the last 4 weeks₹2,215
Conversion, the last 4 weeks0.92%
Period covered9 weeks
Milestone₹20L a month

Funnel

Funnel, first view to purchase the last 4 weeks

  1. Impressions23,87,623
  2. Link clicks46,105
    1.93% of impressions
  3. Landing-page views37,569
    81.49% of link clicks1.573% of impressions
  4. Added to cart2,684
    7.14% of landing-page views0.112% of impressions
  5. Checkout started1,246
    46.42% of added to cart0.052% of impressions
  6. Purchases344
    27.61% of checkout started0.014% of impressions

0.014% of impressions became purchases

Mix

Where the budget goes the last 4 weeks

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹2,12,88367.4%2372.47x₹898
Facebook₹97,83131.0%1012.29x₹969
Audience Network₹5,1341.6%62.55x₹856
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹97,70830.9%1092.47x₹896
Instagram Feed₹76,32724.2%902.61x₹848
Facebook Feed₹60,51419.2%622.27x₹976
Instagram Stories₹38,84812.3%382.19x₹1,022
Facebook Reels₹28,8689.1%292.26x₹995
Audience Network₹5,1341.6%62.55x₹856
Facebook Stories₹4,2541.3%52.55x₹851
Facebook Video₹4,1951.3%52.55x₹839
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹2,54,96580.7%2732.37x₹934
Retargeting (warm audiences)₹27,3768.7%332.67x₹830
Lookalike audiences₹18,0905.7%202.50x₹904
Advantage+ shopping₹15,4174.9%182.58x₹856

Creatives

Creative mix the last 4 weeks

New ads per month

Video18 a month
Catalogue (dynamic product ads)9 a month
Static image3 a month
UGC / creator video3 a month
Carousel2 a month
Moderate2.42xblended ROAS 4 creative types₹3.1L spend
Watchlist2.02xblended ROAS 1 creative type₹7,555 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹70,176792.50x₹888
VideoModerate₹1,61,7611772.42x₹914
Static imageModerate₹57,434622.41x₹926
UGC / creator videoModerate₹18,922192.21x₹996
CarouselWatchlist₹7,55572.02x₹1,079

How we run it

How we run it, why, and how it works

  1. Research & offer Week 1 to 2

    What we do

    We open with set-up work on the mid-sized fashion store, since the brand in this scenario named no single problem. We start with a website audit, a creative brief and a monthly media schedule in the first week. We split the account into layers: one campaign to test creative, one to scale winners, prospecting that leaves out past buyers, and retargeting for carts.

    Why

    A mid-sized fashion brand grows monthly revenue in 2 months, from ₹5.5L to ₹20L (3.6x). Nine in ten of the accounts we measured grew more slowly than that in the same time; the case study is built on what the fastest tenth reached, and shows the gap to the agreed number honestly. The brand in this scenario named no single problem, so the case study starts from the numbers. Later budget calls need something written to be judged against. Without layers, retargeting quietly eats the prospecting budget.

    How it works

    The audit, the brief and the media schedule are shared before spend rises. Each layer keeps its own budget line.

  2. Measurement & reviews Week 1 to 9

    What we do

    We set the path from ₹5.5L to ₹20L as written weekly numbers, and read every review against the week so far. We keep a shared daily sheet with the ad platform's revenue next to real store orders. We check the reported return on spend against store revenue before any budget moves.

    Why

    The return on ad spend it reported sits close to what measured fashion stores of that size hold, and the case study starts from it. A shortfall is caught in the week it happens, not at the end. Ad platforms claim more orders than stores record, so the store number decides budget.

    How it works

    Each budget step is argued against the written number. Budget decisions are read off store numbers, not the ad platform alone. Both returns are reviewed together each week.

  3. Creative testing Week 1 to 4

    What we do

    We lead the testing layer with video, catalogue ads and static image, building to a few dozen new ads a month by the last four weeks, with carousel watched closely since it returns less than the rest. The four learning weeks run with a deliberately small daily budget until orders prove the buyer. We buy creative in batches and give each batch a fixed read window before buying more. We separate the lead products into their own campaigns and review each one weekly.

    Why

    Early spend buys learning, not scale. Buying more before a batch is read means paying for guesses. Products that do not sell show up inside a week, not after a month of shared budget.

    How it works

    Only confirmed orders at the low budget unlock the next step. Batches that do not convert are cut; winners get the budget. Losing products are paused within a week and budget moves to the winners. More spend buys more new ads, led by video ahead of catalogue ads.

  4. Scaling Week 5 to 9

    What we do

    We scale through Week 5 to Week 9 as far toward ₹20L as return allows as the budget climbs in steps and return falls, with Instagram Reels taking the largest share of spend and Instagram Feed the next. We run cost caps, bid caps, CBO and ABO as parallel versions before budget steps up. We let return decide budget: more while it holds, less when it slips.

    Why

    In Week 5 to Week 9 the budget climbs in steps, and return on spend falls as it does. Two of these weeks stop their budget step where return starts to slip too far. Our measured accounts saw cost per order rise and return fall as spend scaled; that is why each step here waits on return. Controls show which setup holds cost per purchase as spend rises.

    How it works

    Controls run as parallel versions and the one that holds cost is kept. Budget follows return week to week instead of a fixed ramp. Instagram Reels carries the largest share of spend in the last four weeks, with Instagram Feed next. Most spend reaches people who have not bought yet; past visitors return more per rupee.

Milestones

Milestones by week

  1. Week 1

    First, the set-up: tracking is checked against store orders and the first ads go live on a small daily budget. The store-side return is now the one budget follows. Store orders and platform revenue are reconciled in the shared sheet.

    • Revenue ₹1.3L
    • ROAS 2.87x
    • Ad spend ₹44,698
  2. Week 2

    First creative read: ads that do not convert are cut. Return on spend rises while budget holds.

    • Revenue ₹1.3L
    • ROAS 3.00x
    • Ad spend ₹42,411
  3. Week 3

    Offers and store fixes switch on as the first orders confirm.

    • Revenue ₹1.3L
    • ROAS 3.03x
    • Ad spend ₹41,822
  4. Week 4

    By the end of learning, the buyer is known and one ad has won.

    • Revenue ₹1.3L
    • ROAS 3.12x
    • Ad spend ₹41,170
  5. Week 5

    The scaling phase opens: the weekly product read pauses the products that are not selling. Return on spend dips while budget holds.

    • Revenue ₹1.3L
    • ROAS 2.96x
    • Ad spend ₹44,124
  6. Week 6

    Bid-cap and cost-cap versions run beside open bidding. Return on spend dips while budget steps up.

    • Revenue ₹1.5L
    • ROAS 2.69x
    • Ad spend ₹57,367
  7. Week 7

    Budget is reviewed against return before the next step.

    • Revenue ₹1.8L
    • ROAS 2.50x
    • Ad spend ₹72,169
  8. Week 8

    A new batch goes live after the last one is read. Budget goes up only as far as return can carry it: return on spend dips while budget steps up.

    • Revenue ₹2.1L
    • ROAS 2.35x
    • Ad spend ₹88,958
  9. Week 9

    Budget shifts to the products that sold this period. Budget goes up only as far as return can carry it: return on spend dips while budget holds. ₹20L is not reached in the time, because the case study follows what the fastest tenth of our measured accounts reached. Cost per purchase ends higher than in the learning phase.

    • Revenue ₹2.2L
    • ROAS 2.24x
    • Ad spend ₹97,354

Learnings

Learnings from Fashion & apparel brands we measured

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

  2. Scaling spend raised cost per order and lowered return on spend.

  3. We pause styles with high return-to-origin and test replacement styles in their own campaigns.

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