Punyalan Agarbattis is the story of Joy Thakkolkaran, a young entrepreuner from Thrissur. His new business venture 'Punyalan Agarbattis' involves manufacturing agarbattis from elephant dung. Fragrance and quality of his incense sticks aside, its mosquito repellant capabilities too have pleased those who tried the samples. However, Joy suddenly has a new set of people and problems as 'Punyalan Agarbattis' comes to a halt.

Kattalan Porinju and Jose are friends as thick as thieves. Mariyam and Porinju have an unrequited love story that has Jose invested in fulfilling. Chaos ensues when a skirmish pulls in all three of them in a series of violent outbursts.

Kannan is a gangster who rules the crime-infested town of Kotha. After getting humiliated by Kannan and his men, CI Shahul Haasan tactfully plots the return of former gangster named Kotha Rajendran alias "Raju", thus leading to a transformative turn of events.

In God's own country, the supreme leader of the ruling party dies, leaving a huge vacuum, not only in the electoral and leadership sphere of the party but also that of the state. In the inevitable succession squabble and the power struggle that ensues, the thin line that separates good and bad becomes irrecoverably blurred and out of this seemingly endless mayhem, emerge forces that are hitherto unheard of.