# Associated Alcohols’ Q2 Margin Slumps to 7% on Costs – Perivis

> Associated Alcohols & Breweries reported a sharp margin decline in Q2 FY27, with management citing grain, PET and glass cost inflation and weak ethanol realizations. Q2 ethanol EBITDA margin was only 1%, and management did not reaffirm prior FY27 EBITDA guidance.

- Date: 2026-11-13 · published 2026-11-14T00:15:26.243Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/98638-associated-alcohols-q2-margin-slumps-to-7-on-costs-perivis
- Commodities: [Ethanol](https://feedsoft.ai/c/ETHANOL.md)

## Why it matters

Rising grain costs for distillers and excess ethanol supply in India point to weaker ethanol demand for feedstock and pressure on ethanol-linked co-product margins, a modest bearish signal for grain-based inputs.

## Read by commodity

- ETHANOL: bearish ▼

## Sources

- blog.perivis.com: https://blog.perivis.com/2026/11/13/associated-alcohols-q2-margin-slumps-to-7-on-costs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.