Parvathy won the 2015 Kerala State Film Award for Best Actress for her performances in the Malayalam films Ennu Ninte Moideen and Charlie. She won 2014 Filmfare Award for Best Supporting Actress for her role as RJ Sarah in the Malayalam film Bangalore Days, 2015 Filmfare Award for Best Actress for her role as Kanchanamala in the Malayalam film Ennu Ninte Moideen, and the 2008 Filmfare Award for Best Actress for her role as Maari in the Tamil film Poo.