Warpaint London PLC (AIM:W7L) reported a best-ever start to the year and said the outlook is now expected to be ahead of the market's current expectations.
Sales from the colour cosmetics specialist climbed 28% to £23.5 million in the first quarter of 2024.
The company highlighted its ongoing strong trading momentum and robust margins, attributing its success to the appeal of its W7 and Technic brands.
It reported a strong balance sheet free of debt and cash balances at £7.5 million post inventory investments.
The shares rose 11% to 416.7p in early trading.