The short answer would be no. Unfortunatly I have the same issue with razor burn and I felt like this didn't really do anything besides make my legs feel soft for a few hours. If you are concerned about razor burn primarily, I would definitely suggest the skintamates brand. It is a couple dollars more but it is by far my favorite (and they come in amazing scents) and also helps with razor burn. Also, you may want to consider switching razor brands, a lot of times they contribute to the issue.
Hope this helped :)