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JewelleryDuration 3 monthsCase study

Jewellery case study: ₹1L to ₹1.3L monthly revenue in 3 months

Numbers modelled on 10 Monastic Media ad accounts

Case study

Month by month

Revenue by month
MonthPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹1L–––
Month 1Learning₹54,795₹1,02,0551.86x63₹870
Month 2Scaling₹59,580₹1,14,2911.92x71₹839
Month 3Scaling₹66,815₹1,25,3251.88x78₹857
Total₹1,81,190₹3,41,6711.89x212₹855
Ad spend₹1.8L
Revenue₹3.4L
Blended ROAS1.89x
Orders212
Revenue, month 3₹1.3L
ROAS, month 31.88x
Cost / purchase, month 3₹857
Avg order value, month 3₹1,607
Conversion, month 31.03%
Period covered3 months
Milestone₹10L a month

Funnel

Funnel, first view to purchase month 3

  1. Impressions4,81,623
  2. Link clicks9,588
    1.99% of impressions
  3. Landing-page views7,576
    79.02% of link clicks1.573% of impressions
  4. Added to cart494
    6.52% of landing-page views0.103% of impressions
  5. Checkout started172
    34.82% of added to cart0.036% of impressions
  6. Purchases78
    45.35% of checkout started0.016% of impressions

0.016% of impressions became purchases

Mix

Where the budget goes month 3

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹47,33170.8%561.87x₹845
Facebook₹18,58627.8%211.88x₹885
Audience Network₹8981.3%11.92x₹898
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹21,29231.9%251.89x₹852
Instagram Feed₹15,40223.1%191.93x₹811
Facebook Feed₹12,45818.6%141.85x₹890
Instagram Stories₹10,63715.9%121.75x₹886
Facebook Reels₹6,1289.2%71.96x₹875
Audience Network₹8981.3%11.92x₹898
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹56,72984.9%661.87x₹860
Retargeting (warm audiences)₹5,9798.9%71.95x₹854
Lookalike audiences₹2,1513.2%31.82x₹717
Advantage+ shopping₹1,9562.9%21.88x₹978

Creatives

Creative mix month 3

New ads per month

Video9 a month
Catalogue (dynamic product ads)3 a month
Static image2 a month
UGC / creator video2 a month
Carousel1 a month
Moderate1.89xblended ROAS 4 creative types₹65,048 spend
Watchlist1.59xblended ROAS 1 creative type₹1,767 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹13,312161.95x₹832
VideoModerate₹37,243441.89x₹846
Static imageModerate₹12,261141.82x₹876
UGC / creator videoModerate₹2,23221.79x₹1,116
CarouselWatchlist₹1,76721.59x₹884

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    The first problem in this scenario is scaling ad spend, so the opening month on this smaller store goes there. 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 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 3 months, from ₹1L to ₹10L (10x). Fewer than one in ten of our measured accounts grew that fast in the same time, so the case study follows the pace of that top tenth rather than forcing the number. The main problem in this scenario is scaling ad spend, with a clear strategy close behind. Layers keep each budget line readable, so a weak campaign cannot hide inside a strong one. The audit positions the brand in this scenario against the alternatives buyers are weighing.

    How it works

    Each layer keeps its own budget line. The audit sets the creative and site work for the first weeks.

  2. Measurement & reviews Month 1 to 3

    What we do

    We agree a written number for every month on the way from ₹1L to ₹10L, and start each review with the month-to-date figure against it. We check the reported return on spend against store revenue before any budget moves. We log store orders every day beside what the ad platform claims.

    Why

    Its reported return on ad spend is too low for more budget to pay, so the first months lift return before any budget step. A missed month shows up early instead of at the end of the case study. The ad platform's own count runs high, so the store's count is the one that moves budget.

    How it works

    Each budget step is argued against the written number. The store-side return becomes the number every review uses. Budget decisions are read off store numbers, not the ad platform alone.

  3. Creative testing Month 1

    What we do

    We test with video, catalogue ads and static image first, rising to about a dozen new ads a month by the final month, with carousel watched closely since it returns less than the rest. We show the piece: product-only singles and carousels, swapped the moment they stop converting. We test static images beside video. We lead with video that carries trust: creators, customer feedback and founder-led pieces.

    Why

    Jewellery buyers decide on the piece, and fatigue sets in fast. In measured jewellery accounts, static image reached the top creative tier most often. In most accounts we measured, video that carried trust held its return.

    How it works

    Creatives are rotated on conversion, not on a calendar. Statics are added after a video wins. UGC that underperforms is replaced by founder-led video, not given more budget. 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 toward ₹10L as the budget rises gently while return holds, with Instagram Reels taking the largest share of spend and Instagram Feed the next. We recover abandoned checkouts with WhatsApp messages as traffic grows. We tie every budget increase to return: we step up while it holds, and step back when it drops.

    Why

    Across Month 2 to Month 3, the budget rises gently, while return on spend holds. In two of these months budget goes up only as far as return allows, so revenue grows more slowly than the brand's number needs. Return holds through these months because each budget step stops where return starts to slip. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout.

    How it works

    WhatsApp recovery runs alongside paid retargeting, not instead of it. Each month's budget is set by the return the last one earned. In the final month, Instagram Reels takes the most spend and Instagram Feed the next most. Prospecting to new buyers takes the bulk of spend, while retargeting returns more for each rupee.

Milestones

Milestones by month

  1. Month 1

    Learning month: tracking is checked against store orders and the first ads go live on a small daily budget. The daily sheet now matches platform revenue to store orders. The competitor audit is shared and the creative brief agreed.

    • Revenue ₹1L
    • ROAS 1.86x
    • Ad spend ₹54,795
  2. Month 2

    Scaling begins: the budget decision is taken on the return the last step earned. Budget rises to the point where return starts to give way: spend holds, and return holds.

    • Revenue ₹1.1L
    • ROAS 1.92x
    • Ad spend ₹59,580
  3. Month 3

    New creator and customer-feedback videos join the account. Budget rises to the point where return starts to give way: spend steps up, and return holds. ₹10L is not reached in the time, because budget stops rising where return starts to slip. Cost per purchase ends close to the learning phase.

    • Revenue ₹1.3L
    • ROAS 1.88x
    • Ad spend ₹66,815

Learnings

Learnings from Jewellery brands we measured

  1. Audit competitors and agree a three-month case study before spending.

  2. We recover abandoned checkouts and lift repeat orders with WhatsApp messages.

  3. Show the product only (singles and carousels), lead with craft or personalisation, and swap creatives the moment they stop converting.

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