Latest news with #TTK
TimesLIVE
6 days ago
- Entertainment
- TimesLIVE
Cocktails with a Cause: where flavour meets purpose
South Africa's winter chill isn't slowing down two of Cape Town's most dynamic voices in food and drink. This August, award-winning chef Luke Dale Roberts is teaming up with celebrated mixologist Kurt Schlechter for an exciting two-part series titled Cocktails with a Cause, an immersive dining and cocktail experience with heart, flavour and mentorship at its core. The collaboration unfolds on two exclusive evenings: the first on August 22 at Dale Roberts' mentorship-focused restaurant The Test Kitchen Fledgelings in Woodstock and the second on August 29 at Schlechter's renowned CAUSE | EFFECT Cocktail Kitchen at the V&A Waterfront. While promising an evening of bold flavours and creative cocktails, Cocktails with a Cause is also rooted in purpose. The partnership aims to support and elevate young chefs from The Test Kitchen Fledgelings, a programme launched in 2021 by Dale Roberts and his wife Sandalene to provide hands-on training and full-time employment to aspiring chefs with no previous kitchen experience. Under the guidance of Dale Roberts, head chef Nathan Clarke and a dedicated team, the Fledgelings are taught the fundamentals of the culinary world. For this collaboration, Dale Roberts invited Schlechter, a globally recognised cocktail expert and the force behind CAUSE | EFFECT, to bring his expertise in terroir-inspired mixology. Known for his innovative 'barterroir' approach that celebrates local ingredients and landscape, Schlechter is mentoring the Fledgelings in cocktail-making, service and presentation in the lead-up to the events. Guests will be treated to a specially curated small plates menu designed by the Fledgelings kitchen team, featuring bold, globally inspired flavours. Highlights include vetkoek with smoked snoek pâté, tuna tartare with miso, black garlic mayo, pap tuile and yuzu, Korean fried chicken with ponzu emulsion and Asian slaw, and TTK's signature beef slider, a decadent bite on a Japanese milk bun with truffle-infused onion, pickled cucumber and cheddar. Both evenings will be set to the sound of a live DJ, promising a relaxed, vibrant atmosphere that complements the food and drinks. 'It's always about more than what's on the plate or in the glass,' said Dale Roberts. 'The Fledgelings programme is about creating spaces where people can grow, learn and feel proud of the work they're doing. Collaborating with Kurt, whose work across the drinks world is serious and meaningful, brings a new dimension to that vision.' Cocktails with a Cause takes place on August 22 at The Test Kitchen Fledgelings and on August 29 at CAUSE | EFFECT Cocktail Kitchen. Bookings are essential and can be made via Dineplan. A deposit is required to secure your reservation and will be deducted from your bill on the night.
Mint
27-05-2025
- Business
- Mint
Indias TTK Prestige posts quarterly profit fall on weak rural sales
(Reuters) -Indian kitchenware maker TTK Prestige reported a 39% fall in fourth-quarter profit on Tuesday, as rural volumes remained under pressure due to reduced lending by microfinance institutions. The company reported a profit before tax and exceptional items of 453.8 million rupees ($5.32 million) in the quarter ended March 31, down from 745.2 million rupees a year earlier. It booked a one-time impairment charge of 714 million rupees related to its UK subsidiary, Horwood Homewares, on continued stress in the UK economy, and the threat of tariffs from the U.S. possibly compounding that, TTK said. Its shares were down nearly 6% after the results. Overall revenue from operations rose nearly 4.3% to 6.5 billion rupees, while total expenses increased 9.5%. For further earnings highlights, click here. Microfinance lenders have been issuing fewer collateral-free small loans to borrowers in the rural parts of the country, amid rising default rates, following a period of aggressive lending in the segment. TTK Prestige, which has a "significant share of sales" from rural areas, said it is seeing a slowdown in rural volumes as a result. While its sales from traditional channels, which include stores and e-commerce grew 10.2%, the sales hit in rural areas pulled overall growth down to 2.7%. Higher aluminium prices during the quarter also impacted performance, said TTK. Valuation (next 12 Estimates (next 12 Analysts' sentiment RIC PE EV/EBI Price/ Revenue Profit Mean No. of Stock to Div TDA Sales growth (%) growth (%) rating* analyst price yield TTK Prestige 36.27 24.66 8.95 25.05 Hold 4 0.88 0.88 Voltas 37.87 30.48 2.19 11.56 19.51 Buy 33 0.87 0.44 Havells India 53.66 35.47 3.92 14.14 21.29 Buy 24 0.88 0.64 Crompton Greaves 34.00 21.78 2.38 10.89 19.15 Buy 30 0.82 0.84 * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- $1 = 85.3790 Indian rupees (Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman and Sherry Jacob-Phillips)
Reuters
27-05-2025
- Business
- Reuters
India's TTK Prestige posts quarterly profit fall on weak rural sales
May 27 (Reuters) - Indian kitchenware maker TTK Prestige ( opens new tab reported a 39% fall in fourth-quarter profit on Tuesday, as rural volumes remained under pressure due to reduced lending by microfinance institutions. The company reported a profit before tax and exceptional items of 453.8 million rupees ($5.32 million) in the quarter ended March 31, down from 745.2 million rupees a year earlier. It booked a one-time impairment charge of 714 million rupees related to its UK subsidiary, Horwood Homewares, on continued stress in the UK economy, and the threat of tariffs from the U.S. possibly compounding that, TTK said. Its shares were down nearly 6% after the results. Overall revenue from operations rose nearly 4.3% to 6.5 billion rupees, while total expenses increased 9.5%. For further earnings highlights, click here. Microfinance lenders have been issuing fewer collateral-free small loans to borrowers in the rural parts of the country, amid rising default rates, following a period of aggressive lending in the segment. TTK Prestige, which has a "significant share of sales" from rural areas, said it is seeing a slowdown in rural volumes as a result. While its sales from traditional channels, which include stores and e-commerce grew 10.2%, the sales hit in rural areas pulled overall growth down to 2.7%. Higher aluminium prices during the quarter also impacted performance, said TTK. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3790 Indian rupees
