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@article{191187,
        author = {Ritesh Kumar H Solanki and Dr. Urvashiba Jhala},
        title = {Inventory Turnover and Its Impact on Profitability: An Empirical Study of Selected FMCG Companies Listed on BSE},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {1073-1075},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191187},
        abstract = {Inventory management is a critical determinant of operational efficiency and profitability in fast-moving consumer goods (FMCG) companies, where rapid inventory movement and demand variability are inherent characteristics. This study empirically examines the impact of inventory turnover on profitability of selected FMCG companies listed on the Bombay Stock Exchange (BSE) over a ten-year period from FY 2014–15 to FY 2023–24. The sample includes Asian Paints Ltd., Hindustan Unilever Ltd. (HUL), and ITC Ltd. Secondary data collected from audited annual reports were analyzed using ratio analysis, correlation, and regression techniques. Profitability is measured through gross profit ratio, net profit ratio, and return on assets. The results reveal a positive and statistically significant relationship between inventory turnover and profitability, indicating that efficient inventory utilization enhances financial performance in FMCG firms. The study highlights the strategic importance of effective inventory management for sustaining profitability in the FMCG sector.},
        keywords = {Inventory Turnover, Profitability, FMCG Sector, Inventory Management, BSE},
        month = {},
        }