Claimed is a w/o emulsion comprising at least one discontinuous aqueous phase, at least one fatty phase, at least one silicone emulsifier and at least one antiperspirant and/or deodorant active agent. The fatty phase contains a wax, preferably polyethylene wax with a melting point between 70°C-110°C and present at a level of 6%-15% by weight relevant to the total weight of the composition. By melting the polyethylene wax, it is possible to render it miscible with oils and to form a microscopically homogeneous mixture, but when the temperature of the mixture is decreased, recrystallisation of the wax in the oils is obtained.
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