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Fashion & apparelDuration 3 monthsCase study

Fashion & apparel case study: ₹50L to ₹97.3L 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––₹50L–––
Month 1Learning₹13,30,394₹50,88,2103.82x1,688₹788
Month 2Scaling₹28,51,290₹84,59,8462.97x2,806₹1,016
Month 3Scaling₹35,39,506₹97,33,6372.75x3,324₹1,065
Total₹77,21,190₹2,32,81,6933.02x7,818₹988
Ad spend₹77.2L
Revenue₹2.33Cr
Blended ROAS3.02x
Orders7,818
Revenue, month 3₹97.3L
ROAS, month 32.75x
Cost / purchase, month 3₹1,065
Avg order value, month 3₹2,928
Conversion, month 31.07%
Period covered3 months
Milestone₹3Cr–₹5Cr a month

Funnel

Funnel, first view to purchase month 3

  1. Impressions2,30,74,424
  2. Link clicks4,09,842
    1.78% of impressions
  3. Landing-page views3,11,648
    76.04% of link clicks1.351% of impressions
  4. Added to cart24,591
    7.89% of landing-page views0.107% of impressions
  5. Checkout started10,464
    42.55% of added to cart0.045% of impressions
  6. Purchases3,324
    31.77% of checkout started0.014% of impressions

0.014% of impressions became purchases

Mix

Where the budget goes month 3

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹23,85,72867.4%2,2832.80x₹1,045
Facebook₹10,97,18231.0%9842.63x₹1,115
Audience Network₹56,5961.6%572.92x₹993
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹9,82,36227.8%9472.82x₹1,037
Instagram Feed₹8,25,03923.3%8412.98x₹981
Facebook Feed₹6,45,52218.2%5732.60x₹1,127
Instagram Stories₹5,78,32716.3%4952.51x₹1,168
Facebook Reels₹3,40,6149.6%3012.58x₹1,132
Audience Network₹56,5961.6%572.92x₹993
Facebook Video₹55,5291.6%552.92x₹1,010
Facebook Stories₹55,5171.6%552.92x₹1,009
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹28,46,50280.4%2,6232.70x₹1,085
Retargeting (warm audiences)₹3,25,4069.2%3383.04x₹963
Lookalike audiences₹1,88,3265.3%1832.85x₹1,029
Advantage+ shopping₹1,79,2725.1%1802.94x₹996

Creatives

Creative mix month 3

New ads per month

Video53 a month
Catalogue (dynamic product ads)26 a month
Static image7 a month
UGC / creator video6 a month
Carousel4 a month
Moderate2.76xblended ROAS 4 creative types₹34.6L spend
Watchlist2.30xblended ROAS 1 creative type₹79,570 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹7,65,6667442.85x₹1,029
VideoModerate₹19,00,0771,7882.76x₹1,063
Static imageModerate₹5,89,8295532.74x₹1,067
UGC / creator videoModerate₹2,04,3641762.52x₹1,161
CarouselWatchlist₹79,570632.30x₹1,263

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    We start with buyer trust, which the brand in this scenario named first, before anything else on this established store. 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

    An established fashion store grows monthly revenue in 3 months, from ₹50L to ₹3Cr–₹5Cr (8x). 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 buyer trust. 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

    Site fixes are handed over in the first weeks, before budget rises. Lead categories carry the first scaling months.

  2. Measurement & reviews Month 1 to 3

    What we do

    We report net sales after returns, cancellations and tax next to store revenue and platform revenue. We write month-by-month revenue numbers with the brand's team that climb from ₹50L to ₹3Cr–₹5Cr, and open every review with the month-to-date number against them. We raise budget in a month only while return holds; where it slips too far, we hold 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. Returns, cancellations and tax cut logged revenue, so the numbers are set on net sales. A shortfall is caught in the month it happens, not at the end.

    How it works

    Net sales, not platform revenue, decide each budget step. The month's number is on the page at every review. A month whose return slips past that point keeps its budget instead.

  3. Creative testing Month 1

    What we do

    We test with video, catalogue ads and static image first, rising to several dozen new ads a month by the final month, keeping carousel on a short leash because its return trails the account. We make trust the subject of the video: creator reels, customer feedback and founder-led clips. We commission ads in batches, and read each batch for a set window before ordering the next. The learning month runs on a small daily budget, stepping up only once orders confirm.

    Why

    Video built on trust was the format that held return in most measured accounts. The read window keeps creative spending tied to evidence. Early spend buys learning, not scale.

    How it works

    UGC that underperforms is replaced by founder-led video, not given more budget. Batches that do not convert are cut; winners get the budget. Only confirmed orders at the low budget unlock the next step. The number of new ads grows with spend; video makes up the largest part and catalogue ads the next.

  4. Scaling Month 2 to 3

    What we do

    Through Month 2 to Month 3, we push toward ₹3Cr–₹5Cr: the budget climbs in steps and return falls, and Instagram Reels carries the most spend and Instagram Feed the next. We raise budget only while return on spend holds, and cut it when return drops. We test cost caps, bid caps and CBO against ABO side by side before each budget step.

    Why

    In Month 2 to Month 3 the budget climbs in steps, and return on spend falls as it does. In two of these months the step is trimmed to the size return can hold. In measured accounts, scaling spend raised cost per order and lowered return on spend, so each step waits for return to hold. Parallel controls reveal which setup keeps cost per purchase down as spend grows.

    How it works

    Each month's budget is set by the return the last one earned. 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. Prospecting to new buyers takes the bulk of spend, while retargeting returns more for each rupee.

Milestones

Milestones by month

  1. Month 1

    The learning phase opens: a small daily budget carries the first ads, and store orders are matched to tracking. Store fixes go live: reviews, trust pointers and the prepaid offer. Net sales are reconciled against logged revenue.

    • Revenue ₹50.9L
    • ROAS 3.82x
    • Ad spend ₹13.3L
  2. Month 2

    The scaling phase opens: a fresh round of creator and customer-feedback video goes live. Budget is raised only as far as return allows: budget steps up sharply and return on spend falls.

    • Revenue ₹84.6L
    • ROAS 2.97x
    • Ad spend ₹28.5L
  3. Month 3

    Bid-cap and cost-cap versions run beside open bidding. Budget is raised only as far as return allows: budget steps up and return on spend dips. The case study finishes short of ₹3Cr–₹5Cr: budget stops rising where return starts to slip. Cost per purchase ends higher than in the learning phase.

    • Revenue ₹97.3L
    • ROAS 2.75x
    • Ad spend ₹35.4L

Learnings

Learnings from Fashion & apparel brands we measured

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

  2. Run creator, customer-feedback and founder-led video; replace low-quality UGC with founder-led video when sales soften.

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

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