The Hilsa, Tenualosa ilisha, commands a very high value as food fish. The present study was carried out to understand the breeding phenology of T. ilisha in relation to climatic variables. Monthly fish samples were collected from two landing centres, namely, Uzanbazar (Guwahati) and Shri Ramghat, Dhubri, of River Brahmaputra during May 2018 to April 2019. The assessment of gonadosomatic index (GSI) of T. ilisha revealed higher GSI values during October to February, and showed temporal variations with respect to sex. In males, highest GSI value was observed in the month January followed by February, whereas in females, GSI value was found to be highest in November followed by October. GSI (pooled) value was negatively correlated with air temperature, indicating vulnerability of the species to climate change. The highest percentage of mature males was observed during October–February, and mature females during October–December. The length at first maturity was recorded to be 290 mm for female(s) and 259 mm for male(s). The absolute fecundity ranged from 103,164 to 583,456 ova for fishes in the size range of 229–403 mm, with an average of 250,532 ova per female. Relative fecundity was found to range from 306 to 1096 ova per gram body weight, with an average of 791 ova per gram body weight. The diameter of ova of the studied fishes ranged from 414.6 to 738.2 µm, with a mean value of 546.73 ± 7.18 µm. The percentage frequency distribution of mature ova shows a distinct single peak or mode. Sex ratio (male: female) was found to be 1:0.87, indicating dominance of males over females. The chi-square test on observed sex ratio against the hypothetical ratio of 1:1 did not reveal a significant difference (p > 0.05). The findings of the present study can provide impetus toward successful management of this highly prized, transboundary, and migratory resource of River Brahmaputra, in the context of changing climate.