The story revolves around a mahout and his trained elephant.

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.

A washed-up wrestler's life changes when he brings a passionate female wrestler from Punjab to his conservative Kerala village, sparking a comedic yet inspiring revolution in the local wrestling pits.