Shares in poultry producer Inghams have slumped nearly 11 per cent in opening trade to $3.86 despite its strong results and lift in dividends as investors digest its mixed outlook.
The group's half-year profit jumped 268.6 per cent $63.4m as sales for the half rose 8.7 per cent to $1.6bn as more Aussies opted for chicken over red meat in the current inflationary environment.
UBS analysts said it was a strong result, but the focus will be on the sustainability of the record profitability per kg, earnings skew in the second half and the potential feed-cost tailwind in FY25.
