Mohanlal won the Kerala State Film Award for Best Actor for his performance as Joji and Jagathy Sreekumar won the Second Best Actor award for his performance as Nischal.
Kilukkam was the first Malayalam film to cross 5 crore mark at the box office and the first to complete 100 days theatrical run in 10 releasing centers.
It became the highest-grossing Malayalam film in history.
Kilukkam completed 365 days theatrical run in Kerala.
Jagadish, who appears in a minor role originally had a substantial role in the film as a tourist photographer. Scenes featuring his rivalry with fellow photographer Nischal was deleted from the final cut to reduce the film's duration.