New Delhi, Feb. 18 -- Marico has bucked the trend of sentiment slowdown in FMCG. The stock has appreciated almost 24% over the past year, while rising competition amid choppy demand has led to a 2% correction in the Nifty FMCG index.

Close on the heels of industry-beating growth, recent reports of back-to-back strategic acquisitions promise to further cement Marico's leadership.

The stock has gained 4.5% since the announcement of the acquisition of 4700BC on 26 January. But risks can limit earnings upgrades. Let's discuss.

Acquisition heft lifts sentiment

The FMCG major has completed three acquisitions in three weeks. It acquired gourmet snacking brand 4700BC on 26 January, functional wellness brand Cosmix on 4 February, and Vietnam's...