Jewellery case study: ₹3L to ₹5.2L monthly revenue in 45 days
Case study
Week by week
Revenue by week
| Week | Phase | Ad spend | Revenue | ROAS | Purchases | Cost per purchase |
|---|---|---|---|---|---|---|
| Start | – | – | ₹3L | – | – | – |
| Week 1 | Learning | ₹26,916 | ₹67,755 | 2.52x | 18 | ₹1,495 |
| Week 2 | Learning | ₹28,508 | ₹70,980 | 2.49x | 19 | ₹1,500 |
| Week 3 | Learning | ₹29,065 | ₹70,933 | 2.44x | 19 | ₹1,530 |
| Week 4 | Learning | ₹29,335 | ₹70,848 | 2.42x | 19 | ₹1,544 |
| Week 5 | Scaling | ₹53,842 | ₹1,15,938 | 2.15x | 32 | ₹1,683 |
| Week 6 | Scaling | ₹85,749 | ₹1,66,170 | 1.94x | 45 | ₹1,906 |
| Week 7 | Scaling | ₹90,306 | ₹1,71,646 | 1.90x | 46 | ₹1,963 |
| Total | ₹3,43,721 | ₹7,34,270 | 2.14x | 198 | ₹1,736 |
Funnel
Funnel, first view to purchase the last 4 weeks
- Impressions8,95,872
- Link clicks18,2322.04% of impressions
- Landing-page views13,51274.11% of link clicks1.508% of impressions
- Added to cart1,0707.92% of landing-page views0.119% of impressions
- Checkout started32130% of added to cart0.036% of impressions
- Purchases14244.24% of checkout started0.016% of impressions
0.016% of impressions became purchases
Mix
Where the budget goes the last 4 weeks
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| ₹1,88,448 | 72.7% | 103 | 2.02x | ₹1,830 | |
| ₹67,529 | 26.0% | 37 | 2.04x | ₹1,825 | |
| Audience Network | ₹3,255 | 1.3% | 2 | 2.07x | ₹1,628 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Instagram Reels | ₹76,259 | 29.4% | 42 | 2.03x | ₹1,816 |
| Instagram Feed | ₹72,549 | 28.0% | 41 | 2.08x | ₹1,769 |
| Instagram Stories | ₹39,640 | 15.3% | 20 | 1.89x | ₹1,982 |
| Facebook Feed | ₹38,806 | 15.0% | 21 | 1.99x | ₹1,848 |
| Facebook Reels | ₹25,605 | 9.9% | 14 | 2.11x | ₹1,829 |
| Audience Network | ₹3,255 | 1.3% | 2 | 2.07x | ₹1,628 |
| Facebook Stories | ₹3,118 | 1.2% | 2 | 2.07x | ₹1,559 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Prospecting (cold audiences) | ₹2,20,111 | 84.9% | 120 | 2.02x | ₹1,834 |
| Retargeting (warm audiences) | ₹22,268 | 8.6% | 13 | 2.10x | ₹1,713 |
| Lookalike audiences | ₹9,626 | 3.7% | 5 | 1.97x | ₹1,925 |
| Advantage+ shopping | ₹7,227 | 2.8% | 4 | 2.03x | ₹1,807 |
Creatives
Creative mix the last 4 weeks
New ads per month
| Creative type | Tier | Ad spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Catalogue (dynamic product ads) | Moderate | ₹44,753 | 26 | 2.11x | ₹1,721 |
| Video | Moderate | ₹1,46,246 | 81 | 2.04x | ₹1,806 |
| Static image | Moderate | ₹51,606 | 27 | 1.96x | ₹1,911 |
| UGC / creator video | Moderate | ₹10,128 | 5 | 1.94x | ₹2,026 |
| Carousel | Watchlist | ₹6,499 | 3 | 1.72x | ₹2,166 |
How we run it
How we run it, why, and how it works
Research & offer Week 1 to 2
What we do
The first problem in this scenario is return on ad spend, so the opening week on this smaller store goes there. We fix the store before scaling: trust pointers, reviews, a clear return window, an about page and a prepaid incentive. We audit the competitors buyers are already comparing, and agree the case study before spending.
Why
In this case study, a smaller jewellery brand grows monthly revenue in 45 days, from ₹3L to ₹20L (6.7x). 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 main problem was return on ad spend. Conversion rate caps what any ad budget can return. The audit positions the brand in this scenario against the alternatives buyers are weighing.
How it works
Site fixes are handed over in the first weeks, before budget rises. The audit sets the creative and site work for the first weeks.
Measurement & reviews Week 1 to 7
What we do
We log store orders every day beside what the ad platform claims. We agree a written number for every week on the way from ₹3L to ₹20L, and start each review with the week-to-date figure against it. We set a written rule: no budget step in a week where return falls too far to pay for it.
Why
Its reported return on ad spend is higher than measured jewellery stores of that size hold, so the case study starts there and lets part of it ease as budget grows. Platform attribution over-counts, so budget decisions sit on the store-side number. A shortfall is caught in the week it happens, not at the end.
How it works
The sheet is read before each budget change. The week's number is on the page at every review. A week whose return starts to slip past that point keeps its budget instead.
Creative testing Week 1 to 4
What we do
We test with video, catalogue ads and static image first, rising to a few dozen new ads a month by the last four weeks, keeping carousel on a short leash because its return trails the account. We show the piece: product-only singles and carousels, swapped the moment they stop converting. We lead with video that carries trust: creators, customer feedback and founder-led pieces. We work in creative batches with a fixed read window each.
Why
Jewellery buyers decide on the piece, and fatigue sets in fast. In most accounts we measured, video that carried trust held its return. A fixed window stops spend chasing a creative before it has been read.
How it works
Creatives are rotated on conversion, not on a calendar. Weak UGC is swapped for founder-led video rather than scaled. Only ads that convert inside the window keep running. The number of new ads grows with spend; video makes up the largest part and catalogue ads the next.
Scaling Week 5 to 7
What we do
Through Week 5 to Week 7, we push toward ₹20L: the budget climbs in steps and return falls, and Instagram Reels carries the most spend and Instagram Feed the next. We tie every budget increase to return: we step up while it holds, and step back when it drops. We scale into the festive and wedding calendar with seasonal collection campaigns.
Why
Across Week 5 to Week 7, the budget climbs in steps, and return on spend falls as it does. In two of these weeks budget goes up only as far as return allows, so revenue grows more slowly than the agreed number needs. In measured accounts, scaling spend raised cost per order and lowered return on spend, so each step waits for return to hold. Demand is seasonal and regional, so spend moves with the calendar.
How it works
There is no fixed ramp; each week's budget follows the return of the last. Spend shifts into each season and between regions with the calendar. In the last four weeks, Instagram Reels takes the most spend and Instagram Feed the next most. Most spend reaches people who have not bought yet; past visitors return more per rupee.
Milestones
Milestones by week
- Week 1
First, the set-up: the first ads run on a small daily budget while tracking is checked against store orders. Store orders and ad-platform revenue are checked side by side. The competitor audit is shared and the creative brief agreed.
- Revenue ₹67,755
- ROAS 2.52x
- Ad spend ₹26,916
- Week 2
The first read of the ads is in, and the ones that do not convert stop. Spend holds, and return holds.
- Revenue ₹70,980
- ROAS 2.49x
- Ad spend ₹28,508
- Week 3
Store fixes and offers go live while orders confirm.
- Revenue ₹70,933
- ROAS 2.44x
- Ad spend ₹29,065
- Week 4
By the end of learning, the buyer is known and one ad has won.
- Revenue ₹70,848
- ROAS 2.42x
- Ad spend ₹29,335
- Week 5
Scaling begins: this batch's read is done: winners stay, the rest are cut. Spend steps up sharply, and return dips.
- Revenue ₹1.2L
- ROAS 2.15x
- Ad spend ₹53,842
- Week 6
Product-only creatives that stop converting are swapped. The step is sized by what return can bear: spend steps up sharply, and return dips.
- Revenue ₹1.7L
- ROAS 1.94x
- Ad spend ₹85,749
- Week 7
A seasonal collection campaign takes a larger share of budget. The step is sized by what return can bear: spend holds, and return holds. ₹20L is not reached in the time, because budget stops rising where return starts to slip. Each order costs more by the end than it did while learning.
- Revenue ₹1.7L
- ROAS 1.90x
- Ad spend ₹90,306
Learnings
Learnings from Jewellery brands we measured
Positioned as handcrafted and made to order; led with personalised pieces
Audited eight competitors and agreed a three-month case study
Handed over a 13-point site fix list: prepaid offer, testimonials, a three-day return window, an about page, no permanent sale prices
Services: Performance marketing Ads video creation Jewellery marketing guide Book a call
More Jewellery case studies
Ready to grow with one team?
Book a call. If we can help you grow, we show you how; if we cannot, we tell you that too.
