Devdas (Akkineni Nageswara Rao) is the son of a wealthy couple, who live next door to poor Paro's (Savitri) family. Devdas and Parvati are childhood friends. When Devdas leaves town for studies, Paro waits for him to come back. When he arrives, they fall in love, but Dev's parents oppose their marriage. The insulted parents of Paro marry her off to a wealthy old man, while Devdas sinks into alcoholism and ultimately, death.