A liquid product comprising dispersed perfumed capsules and a thickening system which is a combination of non-ionic with cationic polymers. This allows a prolonged storage of the perfuming capsules without alteration of the latter and without the need to shake the composition before use in order to obtain an homogeneous composition of capsules. This further allows improved deposition of both the fragranced microcapsules and the cationic conditioning polymers onto target surfaces from rinse-off products.