Alicorp stock: Q3 sales rose as acquisitions lifted growth
Published on 11/09/2026 at 03:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth And Outlook
- Acquisitions made a significant contribution to Alicorp's third-quarter expansion, particularly in its international business.
- Adjusted EBITDA rose only modestly as the company faced cost pressure and weather-related weakness in its business-to-business operations.
- Management expects efficiency measures and commercial initiatives to support performance through the remainder of 2026 and early 2027.
Alicorp reported stronger third-quarter sales on October 29, 2026, as acquisitions complemented organic growth across its businesses. In its English release, the Peruvian consumer-goods group said consolidated sales reached S/3,436 million, up 14.2 percent from the same quarter a year earlier.
Acquisitions Drive Regional Expansion
Organic growth contributed 7.0 percent, while acquisitions added 7.3 percent. Total volume increased 10.4 percent to 715 thousand metric tons, indicating that the sales advance was supported by both higher activity and portfolio expansion.
International Businesses recorded sales of approximately US$116 million, more than twice the year-earlier level. The segment benefited from the integration of the Colombian home-care business, Jabonería Wilson and Inka Crops.
Margins Face Operating Pressure
Adjusted EBITDA increased 1.1 percent to S/479 million. The result reflected continued expansion but also showed that operating pressure limited the conversion of higher sales into earnings growth.
Alicorp Solutions, the business-to-business unit, reported lower sales and adjusted EBITDA as warmer conditions associated with El Niño reduced volumes in its bakery platform. The aquaculture-feed business delivered stronger results, supported by demand in Ecuador's shrimp market, although input-cost uncertainty remained a factor.
Outlook For Investors
Management raised its 2026 outlook to high-single-digit revenue growth and mid-single-digit adjusted EBITDA growth. It expects cost and operating pressure to persist through the fourth quarter of 2026 and the first quarter of 2027, with efficiency programs and commercial measures intended to offset part of the impact.
Capital expenditure is expected at US$100 million to US$110 million for 2026, with some projects shifted into 2027 while strategic investments remain priorities.
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Alicorp Key Facts
- Company: Alicorp
- ISIN: PEP214001005
- Reporting period: Third quarter of 2026
- Consolidated sales: S/3,436 million
- Sales growth: 14.2 percent year over year
- Adjusted EBITDA: S/479 million
- 2026 revenue outlook: High-single-digit growth
