Gramaphone movie is all about Jewish street Sachidanandan (Dileep) who runs an antique shop that specialises in selling old Gramaphone records. Jeniffer (Meera Jasmine), Luyi uncle (Oduvil Unnikrishnan), ‘Saigal’ Yousuf (Salim Kumar) and Bhaskarettan are Sachi's close friends. Sachi’s father was Raveendran (Murali) who is a great music director who died leaving him with a lot of musical instruments and some gramaphone records, which nobody wants. Sachi hates music, as he believes that his father has not made any money out of it. Aryadevi, a famous singer, who has been given her first break by Raveendran comes to Kochi from Bombay with her daughter Pooja (Navya Nair).
Pooja and Jennifer become friends and she introduces the mother and daughter to Sachi. Jennifer has a soft corner for Sachi who is unable to express his love for her. Meanwhile Pooja slowly starts falling in love with Sachi. Then the news come that a young Israeli soldier is coming down from Jerusalem, to marry Jeniffer. Gregory is delighted that now at least he and his family can go back to motherland. Jennifer agrees to the marriage as she wants to see her parents happy, but there is a twist in the climax.