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Fashion & apparelDuration 3 monthsCase study

Fashion & apparel case study: ₹5L to ₹8.7L monthly revenue in 3 months

Numbers modelled on 30 Monastic Media ad accounts

Case study

Month by month

Revenue by month
MonthPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹5L–––
Month 1Learning₹1,59,815₹5,09,0413.19x195₹820
Month 2Scaling₹2,29,233₹6,48,3652.83x259₹885
Month 3Scaling₹3,23,111₹8,67,4592.68x332₹973
Total₹7,12,159₹20,24,8652.84x786₹906
Ad spend₹7.1L
Revenue₹20.2L
Blended ROAS2.84x
Orders786
Revenue, month 3₹8.7L
ROAS, month 32.68x
Cost / purchase, month 3₹973
Avg order value, month 3₹2,613
Conversion, month 31%
Period covered3 months
Milestone₹30L a month

Funnel

Funnel, first view to purchase month 3

  1. Impressions18,25,452
  2. Link clicks39,850
    2.18% of impressions
  3. Landing-page views33,061
    82.96% of link clicks1.811% of impressions
  4. Added to cart2,030
    6.14% of landing-page views0.111% of impressions
  5. Checkout started1,044
    51.43% of added to cart0.057% of impressions
  6. Purchases332
    31.8% of checkout started0.018% of impressions

0.018% of impressions became purchases

Mix

Where the budget goes month 3

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹2,09,71364.9%2202.75x₹953
Facebook₹1,08,77133.7%1072.56x₹1,017
Audience Network₹4,6271.4%52.84x₹925
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹85,67426.5%902.75x₹952
Instagram Feed₹80,95825.1%902.91x₹900
Facebook Feed₹66,13620.5%642.53x₹1,033
Instagram Stories₹43,08113.3%402.44x₹1,077
Facebook Reels₹32,81410.2%322.52x₹1,025
Facebook Stories₹5,0401.6%62.84x₹840
Facebook Video₹4,7811.5%52.84x₹956
Audience Network₹4,6271.4%52.84x₹925
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹2,60,74480.7%2632.63x₹991
Retargeting (warm audiences)₹31,6939.8%362.97x₹880
Lookalike audiences₹15,7284.9%172.78x₹925
Advantage+ shopping₹14,9464.6%162.87x₹934

Creatives

Creative mix month 3

New ads per month

Video25 a month
Catalogue (dynamic product ads)13 a month
Static image4 a month
UGC / creator video3 a month
Carousel3 a month
Moderate2.70xblended ROAS 4 creative types₹3.1L spend
Watchlist2.25xblended ROAS 1 creative type₹8,871 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹67,415722.79x₹936
VideoModerate₹1,67,3471732.70x₹967
Static imageModerate₹55,468572.69x₹973
UGC / creator videoModerate₹24,010232.47x₹1,044
CarouselWatchlist₹8,87172.25x₹1,267

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    We point the first month at reaching new buyers, the brand’s main problem, on a mid-sized base. We run short, dated bundle sales with an awareness lead-in instead of permanent discounts. We map the festive and wedding calendar before spending, with seasonal collections ready in advance.

    Why

    A mid-sized fashion brand grows monthly revenue in 3 months, from ₹5L to ₹30L (6x). That is faster than nine in ten of our measured accounts grew over the same time, so the case study below is on what that fastest tenth reached and shows where it lands against the number this scenario calls for. The main problem in this scenario is reaching new buyers. A dated offer concentrates demand without training buyers to wait for a sale. Demand in this category rises and falls with the festive calendar.

    How it works

    Awareness ads run ahead of each short sale window. Seasonal campaigns are prepared ahead of each peak.

  2. Measurement & reviews Month 1 to 3

    What we do

    We keep a shared daily sheet with the ad platform's revenue next to real store orders. We agree a written number for every month on the way from ₹5L to ₹30L, and start each review with the month-to-date figure against it.

    Why

    It did not report a return on ad spend, so the case study starts from what measured fashion stores of that size hold. Ad platforms claim more orders than stores record, so the store number decides budget. A shortfall is caught in the month it happens, not at the end.

    How it works

    Budget decisions are read off store numbers, not the ad platform alone. Written monthly numbers make each scaling decision explicit.

  3. Creative testing Month 1

    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 final month, keeping carousel on a short leash because its return trails the account. We buy creative in batches and give each batch a fixed read window before buying more. We lead with video that carries trust: creators, customer feedback and founder-led pieces. We give each lead product its own campaign and read it weekly.

    Why

    The read window keeps creative spending tied to evidence. Video built on trust was the format that held return in most measured accounts. Products that do not sell show up inside a week, not after a month of shared budget.

    How it works

    Batches that do not convert are cut; winners get the budget. Weak UGC is swapped for founder-led video rather than scaled. 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 Month 2 to 3

    What we do

    We scale through Month 2 to Month 3 as far toward ₹30L 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. Once purchases are steady, we add lookalikes of past buyers next to broad prospecting. We scale into the festive and wedding calendar with seasonal collection campaigns.

    Why

    In Month 2 to Month 3 the budget climbs in steps, and return on spend falls as it does. Our measured accounts saw cost per order rise and return fall as spend scaled; that is why each step here waits on return. Past buyers are the clearest signal of who buys next.

    How it works

    Lookalikes are read against broad on the same creative. Spend shifts into each season and between regions with the calendar. 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.

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. Store orders and ad-platform revenue are checked side by side. Seasonal collections are prepared for the next peak.

    • Revenue ₹5.1L
    • ROAS 3.19x
    • Ad spend ₹1.6L
  2. Month 2

    The scaling phase opens: the seasonal collection campaign leads this period's spend mix. Budget steps up and return on spend dips.

    • Revenue ₹6.5L
    • ROAS 2.83x
    • Ad spend ₹2.3L
  3. Month 3

    Products that do not sell are paused and budget moves to the winners. Budget steps up and return on spend dips. ₹30L is not reached in the time, because the case study follows what the fastest tenth of our measured accounts reached. Each order costs more by the end than it did while learning.

    • Revenue ₹8.7L
    • ROAS 2.68x
    • Ad spend ₹3.2L

Learnings

Learnings from Fashion & apparel brands we measured

  1. Rebuilt the account: a new-audience campaign excluding past audiences, past-buyer retargeting, one campaign per winning product

  2. Run Google Search and Shopping beside Meta, and use Google's demand data to shape Meta.

  3. Return on spend fell from its peak month in most engagements; peaks do not hold.

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