Desiccation, a major environmental stress, affects water potential and turgor in the plants leading to physiological imbalance. Though bryophytes have the ability to endure desiccation, the adverse environmental conditions may cause them to dry irreversibly. In the present study, desiccation tolerance mechanism of Brachythecium procumbens (Mitt.) A. Jaeger was analysed in terms of its antioxidative response and photosynthetic pigments. Plants of B. procumbens were subjected to desiccation stress for varying durations (24–96 h) along with control (0 h) at room temperature. Monitoring was done using antioxidant enzyme activities, photosynthetic pigments, chlorophyll stability index, as well as, relative water content. The antioxidative enzymes—superoxide dismutase and peroxidase—showed higher activity in desiccated plants as compared to control and increased significantly with duration of desiccation. However, the activity of catalase decreased during desiccation. The amount of chlorophyll increased up to 48 h of desiccation treatment as compared to control, whereas in rehydrated samples, relatively lower value was obtained. Majority of bryophytes may withstand a certain level of desiccation for at least a few days, but some are much more tolerant than that. The bryophyte system studied showed basic difference in enzyme activities and chlorophyll under different periods of desiccation. Hence, drought-tolerant genera need to be identified and propagated so that some pioneer colonizers of the ecosystem are naturally conserved.