Inghams Group Ltd

ING: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.90	Ymvnm	Dhblkwccp

Inghams Earnings: Demand Is Strong, but Unfavorable Mix Is a Headwind

Angus Hewitt

Feb 16, 2024

No-moat Inghams is enjoying a positive start to fiscal 2024. Conditions are favorable, with core poultry volumes and net selling prices up. Revenue growth is also outpacing input cost inflation, notably feed costs, which appear to have stabilized. First-half underlying EBITDA rose 20% on the previous corresponding period.

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