Revathi Mahotsavam is the grandest annual festival of Muthayil Peedika Bhagavathi Temple, celebrated during the Revathi Nakshatra in Makara month (January-February). The multi-day festival attracts thousands of devotees from across Kerala and beyond.

Highlights include special abhishekams at dawn, traditional temple arts like Kathakali and Thayambaka, a ceremonial procession (Ezhunnallathu), community feasts (Annadanam), and night-long cultural programs. The festival concludes with a grand Deeparadhana that draws the entire village together.