Alicorp S.A.A. has secured a positive credit outlook from Moody's following strategic improvements in operational profitability and liquidity management, positioning itself as a strong player in Peru's consumer goods market.

Target Information

Alicorp S.A.A. is a leading consumer goods company in Peru, well-recognized for its diverse portfolio that includes products for everyday consumption. The company has effectively strengthened its market position through strategic initiatives, such as restructuring its operations and enhancing its financial management practices. Recently, Moody’s Ratings reaffirmed Alicorp's credit rating at Ba1 and upgraded its outlook from stable to positive, highlighting the sustained improvement in the company's credit metrics, operational profitability, and solid liquidity.

The firm has recorded significant advancements in its EBITA margins, reaching 13.2% as of September 2025, which is a notable increase compared to the average of 8.4% observed in 2022 and 2023. The rating agency also noted the successful divestment from its Crushing business in November 2024, which has contributed to reducing cash flow volatility and capital requirements.

Industry Overview in Peru

The consumer goods industry in Peru is experiencing a transformative phase, driven by changes in consumer preferences and technological advancements. With a growing middle class and increased disposable