An aqueous microcapsule suspension with enhanced stability and release characteristics. The aqueous suspension comprises a microcapsule with a hydrophobic core and an aminoplast polymer shell. The suspension further comprises water soluble or water insoluble polyhydroxy compound either in the free dispersed phase or inside the microcapsules, rendering the suspension enhanced stability. This microcapsule suspension provides controlled release of the encapsulated actives from the associated final products containing them alleviating premature release either during the manufacturing of the product containing them or with slightest shear after drying on various substrates such as fabric, hair or hard surfaces like paper, metal, polymers, etc.