Australia's Inghams gains on upbeat update, reaffirming FY earnings view

Inghams

11/05/2026 02:00

** Inghams Group ING.AX rises as much as 7.4% to A$1.82, highest since May 4

** Stock marks largest intraday pct gain since October 2023

** Poultry producer's nine-month group core poultry volumes rise 1.1% on pcp vs 2.2% decline last year

** Reaffirms FY26 underlying EBITDA guidance

** Says geopolitical developments in Middle East have driven material increases in key cost categories

** Expects net impact of A$7 mln-A$10 mln ($5.1 mln-$7.2 mln) in FY26 from higher diesel costs, driven by fuel levies imposed by transport providers

** YTD, ING down 27.7%

($1 = A$1.3814)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))