April 24 (Reuters) - CME Group reported an increase in first-quarter adjusted profit on Wednesday on higher demand for its products to hedge against market volatility.

On an adjusted basis, CME Group's net income rose to $911.1 million, or $2.50 per share, in the quarter, from $882.3 million, or $2.42 per share, a year earlier. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shounak Dasgupta)