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JewelleryDuration 45 daysCase study

Jewellery case study: ₹3L to ₹5.2L monthly revenue in 45 days

Numbers modelled on 10 Monastic Media ad accounts

Case study

Week by week

Revenue by week
WeekPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹3L–––
Week 1Learning₹26,916₹67,7552.52x18₹1,495
Week 2Learning₹28,508₹70,9802.49x19₹1,500
Week 3Learning₹29,065₹70,9332.44x19₹1,530
Week 4Learning₹29,335₹70,8482.42x19₹1,544
Week 5Scaling₹53,842₹1,15,9382.15x32₹1,683
Week 6Scaling₹85,749₹1,66,1701.94x45₹1,906
Week 7Scaling₹90,306₹1,71,6461.90x46₹1,963
Total₹3,43,721₹7,34,2702.14x198₹1,736
Ad spend₹3.4L
Revenue₹7.3L
Blended ROAS2.14x
Orders198
Revenue, the last 4 weeks₹5.2L
ROAS, the last 4 weeks2.02x
Cost / purchase, the last 4 weeks₹1,826
Avg order value, the last 4 weeks₹3,694
Conversion, the last 4 weeks1.05%
Period covered7 weeks
Milestone₹20L a month

Funnel

Funnel, first view to purchase the last 4 weeks

  1. Impressions8,95,872
  2. Link clicks18,232
    2.04% of impressions
  3. Landing-page views13,512
    74.11% of link clicks1.508% of impressions
  4. Added to cart1,070
    7.92% of landing-page views0.119% of impressions
  5. Checkout started321
    30% of added to cart0.036% of impressions
  6. Purchases142
    44.24% of checkout started0.016% of impressions

0.016% of impressions became purchases

Mix

Where the budget goes the last 4 weeks

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹1,88,44872.7%1032.02x₹1,830
Facebook₹67,52926.0%372.04x₹1,825
Audience Network₹3,2551.3%22.07x₹1,628
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹76,25929.4%422.03x₹1,816
Instagram Feed₹72,54928.0%412.08x₹1,769
Instagram Stories₹39,64015.3%201.89x₹1,982
Facebook Feed₹38,80615.0%211.99x₹1,848
Facebook Reels₹25,6059.9%142.11x₹1,829
Audience Network₹3,2551.3%22.07x₹1,628
Facebook Stories₹3,1181.2%22.07x₹1,559
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹2,20,11184.9%1202.02x₹1,834
Retargeting (warm audiences)₹22,2688.6%132.10x₹1,713
Lookalike audiences₹9,6263.7%51.97x₹1,925
Advantage+ shopping₹7,2272.8%42.03x₹1,807

Creatives

Creative mix the last 4 weeks

New ads per month

Video28 a month
Static image4 a month
Catalogue (dynamic product ads)7 a month
UGC / creator video3 a month
Carousel2 a month
Moderate2.03xblended ROAS 4 creative types₹2.5L spend
Watchlist1.72xblended ROAS 1 creative type₹6,499 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹44,753262.11x₹1,721
VideoModerate₹1,46,246812.04x₹1,806
Static imageModerate₹51,606271.96x₹1,911
UGC / creator videoModerate₹10,12851.94x₹2,026
CarouselWatchlist₹6,49931.72x₹2,166

How we run it

How we run it, why, and how it works

  1. 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.

  2. 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.

  3. 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.

  4. 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

  1. 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
  2. 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
  3. Week 3

    Store fixes and offers go live while orders confirm.

    • Revenue ₹70,933
    • ROAS 2.44x
    • Ad spend ₹29,065
  4. 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
  5. 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
  6. 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
  7. 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

  1. Positioned as handcrafted and made to order; led with personalised pieces

  2. Audited eight competitors and agreed a three-month case study

  3. Handed over a 13-point site fix list: prepaid offer, testimonials, a three-day return window, an about page, no permanent sale prices

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