The temple holds several Utsavams and festivals. In many of them members of the local community enthusiastically participate. The 9-day utsavam during the month of Thulam (October) is the most important festival.
Valiyavilakku is celebrated on the Diwali day. It is said that one of the Arattu functions (holy bath before the closing ceremony) at the temple coincided with the birth of Sree Chithirathirunal Maharaja. This was a Valiavilakku festival when Amavasi (new-moon) and Diwali happened to fall on the same day.
The temple also hosts one-day festivals in connection with Ashtamirohini, Dwadashi,Dhanu 1st, Thiruvathira,Makarasankranthi,Vishu and Pathamudayam ezhunallathu to Bhoothanilam Temple, in association with the local community. On the day of Pathamudayam, the idols of the two temples are taken out in a ceremonial procession till the spot where Sree Narasimamoorthy’s idol was first sighted.