The invention relates to a moisture and oxygen stable spray-dried composition comprising at least one active compound encapsulated in a carbohydrate matrix, which matrix is characterized by40 to 80 wt. % high molecular weight film forming carbohydrate;10 to 30 wt. % mono, di and trisaccharides; and10 to 30 wt. % maltodextrin,based on the total weight of the carbohydrate matrix. The active compound to be encapsulated in the carbohydrate matrix can be selected from the group consisting of flavourants, fragrances, pharmaceuticals and wash-active components.