In the US it's "Rich Chocolate Ovaltine," no malt, just sugar and chocolate.
I'd rather get/have my family get their sugar from milk in the form of lactose than from fructose and sucrose; the nutritional information doesn't differentiate, but it seems my kids can't metabolize fructose well (MIL is diabetic, maybe a genetic link).
For Carnation Instant Breakfast, at least in the States, the chocolate malt flavor has
19 GRAMS of sugars!!!, and while they show the USRDA (Recommended Daily Allowance

) of EVERY other nutritional component, they don't for the sugar, like there IS no limit.

Ingredients are as follows: " Sugar, nonfat milk, malted milk (contains wheat flour and malted barley extracts), maltodextrin, cocoa processed with alkali, lactose, and less than 2% of dicalcium phosphate, carrageenan, soy lecithin, salt, magnesium hydroxide, sodium ascorbate (Vitamin C), Vitamin E acetate, Vitamin A palmitate, niacinamide, ferric orthophosphate (iron), zinc oxide, calcium pantothenate (panthenoic acid), copper gluconate, manganese sulfate, pyridoxine hydrochloride (Vitamin B6), thiamine mononitrate, phylloquinone (Vitamin K), biotin, folic acid, Vitamin B12.
Made on equipment that also processes soy."
Eh. I'd go with a decent multivitamin and a decent calcium supplement.