Fashion & apparel case study: ₹17L to ₹31.6L monthly revenue in 3 months
Case study
Month by month
Revenue by month
| Month | Phase | Ad spend | Revenue | ROAS | Purchases | Cost per purchase |
|---|---|---|---|---|---|---|
| Start | – | – | ₹17L | – | – | – |
| Month 1 | Learning | ₹3,81,798 | ₹17,34,308 | 4.54x | 388 | ₹984 |
| Month 2 | Scaling | ₹6,45,254 | ₹24,85,152 | 3.85x | 524 | ₹1,231 |
| Month 3 | Scaling | ₹8,43,102 | ₹31,62,647 | 3.75x | 697 | ₹1,210 |
| Total | ₹18,70,154 | ₹73,82,107 | 3.95x | 1,609 | ₹1,162 |
Funnel
Funnel, first view to purchase month 3
- Impressions40,36,764
- Link clicks92,1872.28% of impressions
- Landing-page views67,99973.76% of link clicks1.684% of impressions
- Added to cart5,1797.62% of landing-page views0.128% of impressions
- Checkout started2,32744.93% of added to cart0.058% of impressions
- Purchases69729.95% of checkout started0.017% of impressions
0.017% of impressions became purchases
Mix
Where the budget goes month 3
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| ₹5,58,135 | 66.2% | 472 | 3.84x | ₹1,182 | |
| ₹2,73,562 | 32.4% | 215 | 3.57x | ₹1,272 | |
| Audience Network | ₹11,405 | 1.4% | 10 | 3.97x | ₹1,140 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Instagram Reels | ₹2,49,014 | 29.5% | 211 | 3.84x | ₹1,180 |
| Instagram Feed | ₹1,98,744 | 23.6% | 178 | 4.06x | ₹1,117 |
| Facebook Feed | ₹1,49,848 | 17.8% | 117 | 3.54x | ₹1,281 |
| Instagram Stories | ₹1,10,377 | 13.1% | 83 | 3.41x | ₹1,330 |
| Facebook Reels | ₹1,01,021 | 12.0% | 78 | 3.52x | ₹1,295 |
| Facebook Video | ₹11,675 | 1.4% | 10 | 3.97x | ₹1,168 |
| Audience Network | ₹11,405 | 1.4% | 10 | 3.97x | ₹1,140 |
| Facebook Stories | ₹11,018 | 1.3% | 10 | 3.97x | ₹1,102 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Prospecting (cold audiences) | ₹6,68,750 | 79.3% | 542 | 3.68x | ₹1,234 |
| Retargeting (warm audiences) | ₹86,232 | 10.2% | 79 | 4.15x | ₹1,092 |
| Lookalike audiences | ₹49,032 | 5.8% | 42 | 3.88x | ₹1,167 |
| Advantage+ shopping | ₹39,088 | 4.6% | 34 | 4.00x | ₹1,150 |
Creatives
Creative mix month 3
New ads per month
| Creative type | Tier | Ad spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Catalogue (dynamic product ads) | Moderate | ₹1,92,178 | 164 | 3.89x | ₹1,172 |
| Video | Moderate | ₹4,44,559 | 369 | 3.76x | ₹1,205 |
| Static image | Moderate | ₹1,31,032 | 108 | 3.75x | ₹1,213 |
| UGC / creator video | Moderate | ₹52,808 | 40 | 3.44x | ₹1,320 |
| Carousel | Watchlist | ₹22,525 | 16 | 3.14x | ₹1,408 |
How we run it
How we run it, why, and how it works
Research & offer Month 1
What we do
We point the first month at growth that has stalled, the brand’s main problem, on a mid-sized base. 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. We fix the store before scaling: trust pointers, reviews, a clear return window, an about page and a prepaid incentive.
Why
A mid-sized fashion brand grows monthly revenue in 3 months, from ₹17L to ₹50L (2.9x). 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 was growth that has stalled, followed by scaling ad spend. Without layers, retargeting quietly eats the prospecting budget. Every rupee of ads is capped by how well the store turns visits into orders.
How it works
Retargeting sits next to prospecting and never replaces it. The fix list goes to the brand's team in the opening weeks, ahead of any budget step.
Measurement & reviews Month 1 to 3
What we do
We log store orders every day beside what the ad platform claims. We set the path from ₹17L to ₹50L as written monthly numbers, and read every review against the month so far.
Why
It did not report a return on ad spend, so the case study starts from what measured fashion stores of that size hold. Platform attribution over-counts, so budget decisions sit on the store-side number. Written monthly numbers expose a slow month while there is still time to act.
How it works
Every budget call starts from the store's orders. Written monthly numbers make each scaling decision explicit.
Creative testing Month 1
What we do
We lead the testing layer with video, catalogue ads and carousel, 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 give each lead product its own campaign and read it weekly. We work in creative batches with a fixed read window each. The learning month runs with a deliberately small daily budget until orders prove the buyer.
Why
A product nobody buys is visible within a week when it has its own campaign. The read window keeps creative spending tied to evidence. Spend in the learning phase pays for information.
How it works
A product that does not sell is paused inside the week. Batches that do not convert are cut; winners get the budget. Spend steps up only after orders confirm at the low budget. The number of new ads grows with spend; video makes up the largest part and catalogue ads the next.
Scaling Month 2 to 3
What we do
Through Month 2 to Month 3, we push as far toward ₹50L as return allows: the budget climbs in steps and return falls, and Instagram Reels carries the most spend and Instagram Feed the next. We run cost caps, bid caps, CBO and ABO as parallel versions before budget steps up. We tie every budget increase to return: we step up while it holds, and step back when it drops.
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. Controls show which setup holds cost per purchase as spend rises.
How it works
The version that keeps cost per purchase lowest stays. Each month's budget is set by the return the last one earned. Instagram Reels carries the largest share of spend in the final month, with Instagram Feed next. Cold audiences take most of the budget; warm audiences return more per rupee.
Milestones
Milestones by month
- Month 1
First, the set-up: tracking is checked against store orders and the first ads go live on a small daily budget. Testing, scaling and retargeting now run as separate layers. Store orders and platform revenue are reconciled in the shared sheet.
- Revenue ₹17.3L
- ROAS 4.54x
- Ad spend ₹3.8L
- Month 2
The scaling phase opens: this batch's read is done: winners stay, the rest are cut. With budget steps up sharply, return on spend falls.
- Revenue ₹24.9L
- ROAS 3.85x
- Ad spend ₹6.5L
- Month 3
The weekly product read pauses the products that are not selling. With budget steps up, return on spend holds. ₹50L 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 ₹31.6L
- ROAS 3.75x
- Ad spend ₹8.4L
Learnings
Learnings from Fashion & apparel brands we measured
Find the buyer on a small daily budget first, then step spend up in stages.
Run short bundle sales with an awareness lead-in rather than permanent discounts.
Tested products one by one, each in its own campaign
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