By Digifin Pty Ltd · About this coverage
Key Points
- Group core poultry volumes up 5.3% in the first 18 weeks of FY27
- Australian Wholesale pricing declined 8.3% versus the prior corresponding period
- Underlying EBIT guidance revised to $155.0 million to $170.0 million
- In-principle agreement on a new long-term Woolworths supply arrangement beyond 2030
About Inghams (ASX:ING)
Inghams Group Limited is an ASX-listed poultry producer headquartered in Sydney. It breeds, hatches, grows, processes and sells chicken and turkey products to supermarkets, quick service restaurant chains, food service distributors and wholesalers in Australia and New Zealand, and it also manufactures stockfeed. Its assets include breeder farms, hatcheries, feed mills and processing plants in both countries, supported by contracted growers.
Inghams (ASX:ING) cut the top end of its FY27 guidance after higher costs and weak Australian Wholesale pricing offset volume growth in the first 18 weeks of the year.
Group core poultry volumes increased 5.3% on the prior corresponding period, with Australia up 4.8% and New Zealand up 8.0%. Australian core poultry pricing increased 1.9%, but Australian Wholesale pricing declined 8.3% and New Zealand pricing declined 0.8% in local currency. Underlying EBIT (post AASB 16) guidance is now $155.0 million to $170.0 million, from $155.0 million to $180.0 million, and Underlying EBITDA (pre AASB 16) guidance is $190.0 million to $210.0 million, from $190.0 million to $220.0 million. The guidance assumes core poultry volume growth of 2.5–4.0%, $30 million of additional transport and packaging costs associated with the Middle East conflict, $40–50 million of higher feed input costs and capital expenditure of $80 million. Inghams also said it has reached an in-principle agreement on the key commercial terms of a new long-term Woolworths supply arrangement that would extend beyond 2030.
The Woolworths arrangement is in-principle and its commercial terms are confidential. The guidance assumes a progressive recovery in Wholesale pricing through to the end of FY27, and earnings are expected to be significantly weighted to the second half.
Source: Inghams Group Limited (ASX:ING), 12 November 2026. Summary content supplied by Digifin Pty Ltd.
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