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JewelleryDuration 2–3 monthsCase study

Jewellery case study: ₹1L to ₹1.6L monthly revenue in 2–3 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₹52,163₹1,02,7401.97x45₹1,159
Month 2Scaling₹74,685₹1,41,5481.90x60₹1,245
Month 3Scaling₹84,641₹1,64,1361.94x69₹1,227
Total₹2,11,489₹4,08,4241.93x174₹1,215
Ad spend₹2.1L
Revenue₹4.1L
Blended ROAS1.93x
Orders174
Revenue, month 3₹1.6L
ROAS, month 31.94x
Cost / purchase, month 3₹1,227
Avg order value, month 3₹2,379
Conversion, month 30.99%
Period covered3 months
Milestone₹2Cr a month

Funnel

Funnel, first view to purchase month 3

  1. Impressions4,27,248
  2. Link clicks8,539
    2% of impressions
  3. Landing-page views6,988
    81.84% of link clicks1.636% of impressions
  4. Added to cart579
    8.29% of landing-page views0.136% of impressions
  5. Checkout started189
    32.64% of added to cart0.044% of impressions
  6. Purchases69
    36.51% 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₹63,25574.7%511.94x₹1,240
Facebook₹21,38625.3%181.95x₹1,188
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Feed₹26,00930.7%221.99x₹1,182
Instagram Reels₹23,18927.4%191.95x₹1,220
Instagram Stories₹14,05716.6%101.81x₹1,406
Facebook Feed₹13,37115.8%111.91x₹1,216
Facebook Reels₹8,0159.5%72.02x₹1,145
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹70,61883.4%571.93x₹1,239
Retargeting (warm audiences)₹8,51510.1%72.01x₹1,216
Lookalike audiences₹3,2123.8%31.88x₹1,071
Advantage+ shopping₹2,2962.7%21.94x₹1,148

Creatives

Creative mix month 3

New ads per month

Video11 a month
Static image2 a month
Catalogue (dynamic product ads)3 a month
UGC / creator video2 a month
Carousel1 a month
Moderate1.95xblended ROAS 4 creative types₹82,415 spend
Watchlist1.64xblended ROAS 1 creative type₹2,226 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹15,555132.02x₹1,197
VideoModerate₹46,724381.95x₹1,230
Static imageModerate₹16,434131.88x₹1,264
UGC / creator videoModerate₹3,70231.86x₹1,234
CarouselWatchlist₹2,22621.64x₹1,113

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    We set up the base for a smaller jewellery store before any budget rises. We open with three documents: a website audit, a creative brief and a media schedule by month. We get the store ready for paid traffic first: reviews and trust pointers on product pages, a visible return window, an about page and a reason to pay upfront.

    Why

    In this case study, a smaller jewellery brand grows monthly revenue in 2–3 months, from ₹1L to ₹2Cr (200x). 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. No single problem was named; the case study works from the figures instead. A written brief gives every later budget decision a reference point. Conversion rate caps what any ad budget can return.

    How it works

    All three are shared with the brand's team before any budget step. The fix list goes to the brand's team in the opening weeks, ahead of any budget step.

  2. Measurement & reviews Month 1 to 3

    What we do

    We track ad-platform revenue beside store orders in a shared daily sheet. We write month-by-month revenue numbers with the brand's team that climb from ₹1L to ₹2Cr, 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

    No starting return on ad spend was given; the starting return is what measured jewellery stores of that size hold. The ad platform's own count runs high, so the store's count is the one that moves budget. A shortfall is caught in the month it happens, not at the end.

    How it works

    Every budget call starts from the store's orders. Each budget step is argued against the written number. Where return slips too far, the month keeps last month's budget.

  3. Creative testing Month 1

    What we do

    We test with video, catalogue ads and static image first, rising to about two dozen new ads a month by the final month, 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. The learning month runs at a low daily budget and moves up only when orders come through. We work in creative batches with a fixed read window each.

    Why

    Jewellery buyers decide on the piece, and fatigue sets in fast. The first rupees are for finding the buyer, not for volume. The read window keeps creative spending tied to evidence.

    How it works

    Creatives are rotated on conversion, not on a calendar. Only confirmed orders at the low budget unlock the next step. Losing batches stop; winning ads take their budget. More spend buys more new ads, led by video ahead of catalogue ads.

  4. Scaling Month 2 to 3

    What we do

    Through Month 2 to Month 3, we push toward ₹2Cr: the budget rises gently while return holds, and Instagram Feed carries the most spend and Instagram Reels the next. We tie every budget increase to return: we step up while it holds, and step back when it drops. We put seasonal collection campaigns in front of each festive and wedding peak.

    Why

    Across Month 2 to Month 3, the budget rises gently, while return on spend holds. Budget is part-stepped in two of these months, taking only what return can carry. Each budget step here is sized so that return stays close to where it was. Seasonal demand moves by region, so the spend does too.

    How it works

    Budget follows return month to month instead of a fixed ramp. Budget moves between regions as the calendar turns. Most of the final month's spend sits on Instagram Feed, then Instagram Reels. Cold audiences take most of the budget; warm audiences return more per rupee.

Milestones

Milestones by month

  1. Month 1

    The learning phase opens: 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 store fix list is live, with reviews on product pages and a prepaid offer.

    • Revenue ₹1L
    • ROAS 1.97x
    • Ad spend ₹52,163
  2. Month 2

    Scaling starts: the seasonal collection campaign leads this period's spend mix. Budget is raised only as far as return allows: budget steps up and return on spend holds.

    • Revenue ₹1.4L
    • ROAS 1.90x
    • Ad spend ₹74,685
  3. Month 3

    A new batch goes live after the last one is read. Budget is raised only as far as return allows: budget steps up and return on spend holds. ₹2Cr 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 ₹1.6L
    • ROAS 1.94x
    • Ad spend ₹84,641

Learnings

Learnings from Jewellery brands we measured

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

  2. Product-only creatives and carousels, swapped the moment they stopped converting

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

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